Bank Negara Malaysia and Bank of Thailand have officially joined the Monetary Authority of Singapore's (MAS) BLOOM (Borderless, Liquid, Open, Online, Multi-currency) initiative as policymaker members. The collaboration aims to advance cross-border settlement in digital money by focusing on acceptance and settlement across jurisdictions, interoperability between different digital money arrangements, and programmable controls such as identity verification and sanctions screening. This initiative is expected to reduce the need for financial institutions to establish separate arrangements with each counterparty, thereby lowering implementation costs and improving time to market, while ensuring public policy and regulatory considerations are integrated into the development process.