Bank Negara Malaysia

Bank Negara Malaysia and Bank of Thailand join MAS-led BLOOM initiative on cross-border settlement in digital money

MAS announced on 23 October 2026 that Bank Negara Malaysia and the Bank of Thailand have joined BLOOM (Borderless, Liquid, Open, Online, Multi-currency) as policymaker members, to develop common approaches for the cross-border use of digital money, including tokenised deposits and regulated stablecoins. Participation also expanded to Airwallex, Mastercard, Maybank, Monee, Nium, Ripple, ShopeePay, Visa and the World Bank Group, alongside existing participants including DBS, J.P. Morgan, Kasikornbank, OCBC, Standard Chartered and UOB. Work will focus on acceptance and settlement across jurisdictions, interoperability across digital money arrangements, and programmable controls such as identity verification, sanctions screening and transaction controls.

Monetary Authority of Singapore

Bank Negara Malaysia onboards three ringgit stablecoin and tokenised deposit initiatives to its Digital Asset Innovation Hub

Bank Negara Malaysia said on 11 February 2026 that its Digital Asset Innovation Hub (DAIH) has onboarded three initiatives to test ringgit stablecoins and tokenised deposits in 2026, focused on domestic and cross-border wholesale payments including settlement of tokenised assets, in a controlled environment. BNM intends to provide greater clarity on the use of ringgit stablecoins and tokenised deposits by end-2026. BNM's DAIH page lists the initiatives as Standard Chartered Bank Malaysia with Capital A (ringgit stablecoins for B2B settlement), Maybank (tokenised deposits for payments) and CIMB (tokenised deposits for settlement of tokenised securities).

Bank Negara Malaysia