Visa Tokenized Assets Advance in Singapore Through BLOOM Pilot With Nium

Visa joined the Monetary Authority of Singapore BLOOM initiative on 25 August 2026 and launched its first pilot under the program with cross-border payments firm Nium. The test focuses on seven-day settlement of regulated USD- and EUR-backed stablecoins, including weekends and holidays, to reduce delays in traditional payment rails.

Details of the BLOOM pilot and Visa participation

The pilot examines interoperability between Visa’s existing payment infrastructure and stablecoin networks under MAS regulatory oversight. It targets faster fund access for cross-border transactions while preserving compliance and security standards already applied to Visa settlements. No transaction volumes or completion dates have been disclosed for the current phase.

Visa operates its Tokenized Asset Platform through a sandbox on the Visa Developer Platform. The platform lets banks mint, burn, and transfer fiat-backed tokens across public and private blockchains. Early sandbox work included BBVA testing on Ethereum. Separate from BLOOM, Visa reported an annualized stablecoin settlement run rate of approximately $7 billion by March 2026 across multiple chains.

Parallel activity in Singapore includes DBS, OCBC, and UOB completing the first live domestic SGD interbank transfers on Swift’s blockchain ledger in September 2026. Those transactions enabled 24/7 payments outside standard business hours and built on earlier tokenized-deposit experiments.

Context within broader tokenized settlement efforts

BLOOM, launched 16 October 2025, supports institutional settlement using tokenized bank liabilities and regulated stablecoins. Founding members include DBS, OCBC, UOB, Standard Chartered, JPMorgan, Circle, Coinbase, StraitsX, and Stripe. The initiative extends work begun under Project Orchid and aims to connect traditional banking rails with digital asset networks.

Visa also runs the Agentic Ready program in Singapore, which started in April 2026 with 13 bank and fintech partners. That program targets payments initiated by AI agents rather than tokenized deposit settlement. The two efforts operate independently but both address programmable money movement under MAS supervision.

Market participants watch these pilots for practical signals on regulatory treatment, interoperability standards, and settlement finality. Institutions evaluating tokenized deposits can review the documented use cases in treasury management and cross-border flows once additional test results become available.