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Ripple joined the Monetary Authority of Singapore’s BLOOM initiative with Unloq to test RLUSD and XRPL for programmable cross-border trade settlement in Singapore.Financial technology company Ripple said Wednesday it had joined the Monetary Authority of Singapore’s BLOOM initiative with supply chain finance technology firm Unloq to test programmable cross-border trade settlement using the XRP Ledger and Ripple USD.
The pilot will use Unloq’s SC+ smart-contract-driven trade finance infrastructure, which integrates trade obligations, settlement conditions and financing workflow into a single execution layer. The pilot will also utilize Ripple’s XRP Ledger and its stablecoin designed for enterprise use cases, Ripple USD applies to tokenized capital market products and issuing entities. The new guide included case studies, disclosure expectations, and pilot program criteria for the responsible development of tokenization initiatives.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
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