The Monetary Authority of Singapore announced that HSBC and Euroclear have joined its Global Layer One and will form a Market Infrastructure Working Group "
According to official sources, the Monetary Authority of Singapore announced that HSBC and Euroclear have joined its Global Layer One (GL1). GL1 aims to promote the development of basic digital infrastructure and support the deployment of commercial networks. Since its launch, global core banks such as Bank of New York, Citibank, JPMorgan Chase, Mitsubishi UFJ and Societe Generale ForGE have been working hard to define the business, governance, risk, legal and technical requirements of the GL1 platform. In addition, GL1 will establish a new Market Infrastructure Working Group, composed of global financial market infrastructure providers, focusing on digital asset securities control principles and undertaking additional activities, including control principles, specifications, and design compliance.
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