TLDR
- Ripple joined the Monetary Authority of Singapore’s BLOOM sandbox to test RLUSD for trade finance.
- Ripple partnered with Unloq to automate cross-border trade payments using predefined settlement conditions.
- The pilot uses Unloq’s SC+ platform to combine trade obligations and payment workflows.
- RLUSD handles settlement on the XRP Ledger once shipment verification and other checks are complete.
- RLUSD launched in December 2024 and has reached a market capitalization of nearly $1.5 billion.
Ripple has joined a program by Singapore’s central bank to test stablecoin-powered trade finance. The company will pilot automated cross-border payments using RLUSD on the XRP Ledger. The initiative runs under a regulatory sandbox managed by the Monetary Authority of Singapore.
Ripple and RLUSD enter MAS BLOOM sandbox
Ripple confirmed participation in BLOOM, a sandbox led by the Monetary Authority of Singapore. The program extends settlement capabilities for tokenized bank liabilities and regulated stablecoins. Ripple said it wants to test whether RLUSD can replace manual trade finance payments.
The company partnered with Unloq, a supply chain finance technology provider. Together, they will pilot cross-border payments that release automatically when conditions are met. Ripple said payments will trigger after shipment verification and other predefined checks.
Ripple stated that traditional trade finance relies on manual verification and correspondent banking networks. It said these processes can take days or weeks to settle. The pilot will instead use programmable settlement through RLUSD on the XRP Ledger.
Unloq will deploy its SC+ platform to bundle trade obligations and financing workflows. The platform will combine settlement conditions into a single execution layer. RLUSD will handle the actual movement of money within the system.
Ripple said in a note that it seeks regulated experimentation under MAS oversight. The company described BLOOM as infrastructure-focused rather than product-focused. MAS has positioned Singapore as a testing ground for institutional digital asset use cases.
Ripple expands stablecoin infrastructure and Australia presence
Ripple launched RLUSD in December 2024 for institutional use. The stablecoin now holds a market capitalization close to $1.5 billion. It ranks as the ninth-largest stablecoin by market value.
The company recently expanded Ripple Payments into a full-stack stablecoin infrastructure platform. Ripple said it aims to serve financial institutions and enterprises. The platform integrates compliance features and programmable settlement tools.
Ripple also secured an Australian Financial Services License through acquisition. The license allows Ripple to expand payment offerings in Australia. The company said it will support financial institutions and fintech firms in cross-border transfers.
Ripple stated that RLUSD supports enterprise use cases requiring compliance and programmability. The company linked the sandbox pilot to its broader payments strategy. It said the Singapore program provides a controlled testing environment.
Unloq and Ripple asserted that current trade finance depends on documentary credits and manual reviews. They said these layers increase time and operational costs. The pilot will test automated execution tied to verified trade events.
Ripple described the project as a central bank-backed pilot for trade finance. The company confirmed this marks its third announcement in three weeks. It expanded infrastructure services and secured regulatory approvals during that period.
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