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Ripple Tests Stablecoin Trade Finance in Monetary Authority of Singapore Sandbox
- Ripple is testing RLUSD in a MAS-backed sandbox to automate trade finance payments using programmable settlement triggers.
- The pilot replaces slow, manual processes with a blockchain-based system linking trade conditions directly to payment execution.
- The initiative positions RLUSD as a compliant, enterprise-ready settlement asset within regulated financial infrastructure.
Ripple is piloting its RLUSD stablecoin in Singapore through a central bank initiative designed to modernise trade finance settlement systems. The project is part of BLOOM, a Monetary Authority of Singapore (MAS) programme exploring how tokenised assets and regulated stablecoins can enhance financial infrastructure.
The company has partnered with Unloq to build a blockchain-based system that automates cross-border trade payments using predefined conditions. By combining Unloq’s SC+ platform with the XRP Ledger, the pilot integrates trade obligations, financing processes and settlement into a single digital workflow.
In existing trade finance models, transactions depend on manual verification and multiple intermediaries, which can delay payments significantly. The new system replaces these steps with programmable triggers, allowing funds to be released automatically once conditions such as shipment confirmation are met.
This removes the traditional delay between delivery and payment, enabling near-instant settlement without correspondent banks or manual intervention. The process reduces operational complexity while lowering counterparty exposure by ensuring that payment only occurs when conditions are satisfied.
Related: Ripple Secures Expanded Singapore License, Enabling Broader Regulated Payment Services
Reducing Friction in Cross-Border Transactions
A key objective of the pilot is to expand access to financing for small and medium-sized enterprises that struggle with the cost and structure of traditional trade finance. By digitising and automating the process, the system shortens transaction cycles and improves efficiency.
Participation in the MAS sandbox provides regulatory validation for Ripple’s approach, supporting its efforts to position RLUSD as a compliant and programmable settlement solution for institutional use cases.
Related: Top Australian Super Fund Could Offer Crypto Investments Within 6 Months
Author
Rachel Lourdesamy
Rachel is a freelance writer based in Sydney with experience within financial services, marketing, and corporate communications in the APAC region. An avid reader and a graduate of the University of Sydney, she covers topics including business, finance and human interest.
