--- title: "Five global banks found Global Layer One Organisation for tokenized markets" date: "2026-11-06T23:45:44.000Z" updated: "2026-11-06T23:45:44.604Z" tags: - "infrastructure" - "settlement" - "tokens" source: "https://www.ledgerinsights.com/hsbc-jpm-3-other-g-sibs-set-up-gl1-non-profit-to-further-tokenization-standards/" summary: "HSBC, Kinexys by J.P. Morgan, MUFG, Societe Generale FORGE and Standard Chartered established the non-profit on November 4, 2026, to develop common frameworks for tokenized financial markets." kind: "article" canonical: "https://protocolflow.today/a/2026-11-06-five-global-banks-found-global-layer-one-organisation-to-set-frameworks-for" translations: - lang: "ja" url: "https://agentkeizai.today/a/2026-11-06-five-global-banks-found-global-layer-one-organisation-to-set-frameworks-for" - lang: "ko" url: "https://agentpost.today/a/2026-11-06-five-global-banks-found-global-layer-one-organisation-to-set-frameworks-for" - lang: "zh-CN" url: "https://lianzhi.today/a/2026-11-06-five-global-banks-found-global-layer-one-organisation-to-set-frameworks-for" --- # Five global banks found Global Layer One Organisation for tokenized markets *HSBC, Kinexys by J.P. Morgan, MUFG, Societe Generale FORGE and Standard Chartered founded the non-profit, which moves the Monetary Authority of Singapore's GL1 initiative to the industry.* Five systemically important banks have founded the Global Layer One Organisation, a non-profit that will develop common frameworks for tokenized financial markets and promote their adoption, [Ledger Insights reported](https://www.ledgerinsights.com/hsbc-jpm-3-other-g-sibs-set-up-gl1-non-profit-to-further-tokenization-standards/). The organisation [announced on its website](https://global-layer-one.org/) that it was established on November 4, 2026. The founders are HSBC, Kinexys by J.P. Morgan, MUFG, Societe Generale FORGE and Standard Chartered. They are inviting others to join, including market infrastructures, fintechs and policymakers. The Monetary Authority of Singapore launched GL1 about three years ago under Project Guardian. The new body moves the initiative from the regulator to the industry. According to GL1's website, the organisation aims to develop open, interoperable, shared ledger infrastructures for hosting and executing transactions involving tokenized assets. It wants to enable applications such as payments, capital raising and secondary trading to be deployed on those platforms, and to encourage internationally accepted common principles, policies and standards so that assets and applications work across networks and jurisdictions. Its existing work includes a Market Infrastructure Toolkit, now at version 2.0, which the website describes as a framework for financial institutions and market infrastructure operators to validate their services against internationally recognized principles and standards across multiple jurisdictions. The site says network operators attest to the toolkit. GL1 also published a programmable compliance white paper on June 22, 2026. The paper examines how compliance checks can be built into financial infrastructure through a composable reference architecture. The website describes programmable on-chain compliance checks as one of the templates GL1 provides to support a market of compatible service providers. The organisation's work is organized around principles alignment on governance, risk management controls and settlement arrangements for cross-border transactions, and specifications covering business, governance, risk, legal and technology requirements as well as asset lifecycle. The GL1 Forum brings participating industry members and policymakers together quarterly to discuss updates to existing principles, standards or templates and industry application cases. GL1 also holds public-private sector dialogues involving a broader set of financial institutions and policymakers. The website says the lack of suitable financial networks and technical infrastructures for institutions to execute digital asset transactions is limiting their ability to deploy tokenized assets at commercial scale. --- *Sponsored: [Quotient](https://protocolflow.today/go/q2-forecast/md). Q, Quotient’s AI forecaster, publishes a probability, the evidence behind it, and a score on every resolved forecast for prediction markets and perps.* *Sponsored: [Blocktronics](https://protocolflow.today/go/bt-agents/md). For agents: Blocktronics serves on-chain token data for Base, Ethereum and Robinhood Chain over MCP and a REST API, and an agent with its own wallet can get a key with no person. Start at blocktronics.xyz/llms.txt.* *Sponsored: [Quotient](https://protocolflow.today/go/q2-short/md). Quotient: AI forecasts for prediction markets and perps.* *Sponsored: [Blocktronics](https://protocolflow.today/go/bt-data/md). 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