[Singapore MAS Launches BLOOM Initiative to Advance Stablecoin Settlement] The Monetary Authority of Singapore (MAS) has announced the launch of the BLOOM initiative, aimed at enhancing the settlement capabilities of financial institutions. This initiative will collaborate with the financial industry to promote the settlement of tokenized bank liabilities and well-regulated stablecoins, while managing the risks of digital settlement assets through standardized approaches. BLOOM builds upon the earlier Project Orchid, with initial focuses including settlement asset allocation and clearing, programmable control measures, and proxy payments.