Ripple Enters Singapore Central Bank Program Piloting XRP Ledger and RLUSD Use

Ripple advances XRP-powered settlement ambitions as it integrates XRPL and RLUSD into Singapore’s central bank initiative, accelerating institutional adoption of tokenized payments and programmable finance across global trade and cross-border systems.

Participation involves a pilot with supply chain finance firm Unloq, focusing on trade settlement execution through integrated workflows and conditional payment triggers. Ripple explained:

Fiona Murray, Managing Director, Asia Pacific at Ripple, said: “Singapore continues to take a leading role globally in providing the regulatory clarity necessary for the digital asset space to thrive.”

Through the program, MAS coordinates industry efforts across distribution and clearing of settlement assets, standardized compliance automation, and AI-driven payment execution within predefined parameters. Initial participants include Anchorage Digital, Ant International, Circle, Coinbase, DBS, J.P. Morgan, Kasikorn Bank, OCBC, Partior, Schroders, Standard Chartered, Straitsx, Stripe, Temasek, UOB, and Xweave, alongside entities exploring public blockchain-based trials.

“This partnership combines Unloq’s supply chain expertise with Ripple’s secure technology to make global trade faster and more transparent,” the Ripple executive opined.

Collaboration with Singapore’s central bank initiative positions the pilot within a regulated environment intended to test scalable infrastructure for future financial networks. Letitia Chau, President and Chief Risk Officer of Unloq, stressed: “BLOOM represents an important step toward modernising trade finance infrastructure in a controlled and regulated environment.”