Ripple is testing its stablecoin, RLUSD, in Singapore’s central bank sandbox under the BLOOM initiative, aiming to automate cross-border trade finance. The pilot, developed with supply chain firm Unloq, triggers payments automatically when shipment conditions are verified.
Traditional trade finance relies on slow, manual processes involving documents and correspondent banks. The Ripple-Unloq system integrates obligations, settlement rules, and financing through Unloq’s SC+ platform, with RLUSD handling settlements on the XRP Ledger.
Singapore’s focus on institutional digital asset infrastructure positions BLOOM as a critical regulatory proving ground. Approval into the program validates the credibility of the RLUSD-on-XRPL stack for compliant, programmable enterprise use cases.
This marks Ripple’s third major announcement in three weeks, following a full-stack stablecoin expansion and an Australian financial services license acquisition.