The Monetary Authority of Singapore (MAS) has launched the BLOOM initiative to enhance settlement capabilities in the financial sector, focusing on tokenised bank liabilities and regulated stablecoins. BLOOM builds on insights from Project Orchid and aims to facilitate domestic and cross-border payments while promoting industry collaboration on compliance and automated transactions. MAS invites financial institutions to participate in trials under this initiative.

Taurus has introduced the Taurus-NETWORK, an interbank platform that connects over 35 regulated financial institutions to facilitate secure digital asset operations such as collateralized lending and real-time settlement. The network enhances operational efficiency while ensuring compliance with local regulations, allowing participants to retain control over their assets without relying on third parties.