HSBC, J.P. Morgan’s Kinexys, MUFG, SocGen-FORGE and Standard Chartered just stood up a Singapore non-profit for tokenisation standards.
• On Nov 4, 2026 the five banks announced Global Layer One Organisation (GL1 Org) in Singapore
• GL1 Org builds on MAS’s Global Layer One initiative and will push MI and Programmable Compliance toolkits
Why it matters: Major banks are institutionalising MAS-era tokenisation standards so tokenised assets can move across infrastructures more consistently.
Source: Joint bank statement / The Asian Banker
Not financial advice.
💬 Will bank-led GL1 Org standards speed cross-border tokenised settlement?
#Tokenization #Singapore #MAS
• On Nov 4, 2026 the five banks announced Global Layer One Organisation (GL1 Org) in Singapore
• GL1 Org builds on MAS’s Global Layer One initiative and will push MI and Programmable Compliance toolkits
Why it matters: Major banks are institutionalising MAS-era tokenisation standards so tokenised assets can move across infrastructures more consistently.
Source: Joint bank statement / The Asian Banker
Not financial advice.
💬 Will bank-led GL1 Org standards speed cross-border tokenised settlement?
#Tokenization #Singapore #MAS