Ripple to Automate Trade Finance in Singapore Pilot
On March 25, 2026, Ripple announced it will test its upcoming stablecoin, RLUSD, for trade finance applications within a regulatory sandbox created by the Monetary Authority of Singapore (MAS). The project, part of the central bank's BLOOM initiative, directly targets the inefficiencies of the multi-trillion dollar cross-border trade market. Partnering with supply chain technology firm Unloq, Ripple aims to replace slow, manual payment verifications with automated, conditional settlements executed on the XRP Ledger.
The pilot will utilize Unloq's SC+ platform to bundle trade obligations and settlement conditions into a single digital workflow. When predefined conditions, such as shipment verification, are met, a payment using the RLUSD stablecoin is automatically triggered and settled. This model seeks to drastically reduce the settlement times that currently take days or weeks through traditional correspondent banking.
Pilot Advances RLUSD's Push for Institutional Adoption
Securing a place in the MAS sandbox provides significant regulatory credibility for Ripple's stablecoin ambitions. The BLOOM program specifically focuses on developing foundational infrastructure for institutional use cases, signaling that Singapore's regulator views the RLUSD and XRP Ledger technology stack as a viable solution for regulated experimentation. This collaboration is a critical step in positioning RLUSD as a compliant and programmable asset for enterprise-level finance.
The announcement marks Ripple's third major strategic development in three weeks, following an expansion of its Ripple Payments platform and the acquisition of an Australian financial services license. These moves collectively underscore a focused effort to build the regulatory and technological foundation for RLUSD's adoption beyond speculative trading.
Through SC+, we are demonstrating how digital settlement rails can be integrated into existing trade and financing workflows without disrupting commercial relationships. Collaboration with MAS and Ripple enables us to explore scalable, interoperable models for cross-border trade.
— Letitia Chau, President and Chief Risk Officer of Unloq.
