Bank & market adoption

Five banks launch GL1 Org to set tokenised-market standards

4 November 2026APACSource: Global Layer One Organisation

HSBC, Kinexys by J.P. Morgan, MUFG Bank, Societe Generale-FORGE and Standard Chartered announced on 4 November 2026 that they have jointly established the Global Layer One Organisation (GL1 Org), a Singapore-based non-profit that will support the development and adoption of common standards and frameworks for tokenised financial markets.
GL1 Org builds on Global Layer One, an initiative convened by the Monetary Authority of Singapore, and will continue developing GL1's Market Infrastructure (MI) Toolkit and Programmable Compliance (PC) Toolkit while supporting connectivity across institutions, infrastructures and jurisdictions; it welcomes participation from financial institutions, policymakers, market infrastructure providers and FinTechs.

Why it matters

Banks connecting to tokenised-asset and digital-money platforms gain an industry-run body, outside any single network, whose infrastructure-control and programmable-compliance toolkits they can use when assessing whether market infrastructures are suitable and interoperable.

Read the original: Global Layer One Organisation ↗

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More detail

Who is affected

Financial institutions, policymakers, market infrastructure providers, FinTechs and other stakeholders, whom GL1 Org invites to participate.

Key dates

4 Nov 2026Establishment of GL1 Org announced in Singapore

Key facts

Event: Industry body launch
Jurisdiction: APAC
Source: Global Layer One Organisation (joint release)
Source tier: Tier 2 · Bank / FMI
Product: Tokenization

In the database

Institutions

Monetary Authority of Singapore · HSBC · Standard Chartered · MUFG Bank · Societe Generale-FORGE · J.P. Morgan (Kinexys)

How we verified this

The source says

“The establishment of GL1 Org marks the transition of GL1 into an industry-led organisation that will advance the next phase of this work.”

“As an issuer of MiCA-compliant stablecoins, we are proud to take part in this collaborative approach, which is essential to fostering transparency, trust, and large-scale institutional adoption of tokenized assets globally.”
Stephanie Cabossioras, Chief Strategy & Global Policy Officer, Societe Generale-FORGE

“We welcome the transition of GL1 into an industry led organisation and look forward to supporting the next phase of this effort and broader industry participation in the years ahead.”
Leong Sing Chiong, Deputy Managing Director, Monetary Authority of Singapore

Verbatim from Global Layer One Organisation (joint release), matched word for word against the live page on 7 November 2026.

Sources

Official institutionalGlobal Layer One Organisation (joint release) ↗2026-11-04T2Bank / FMI

Evidence

Confidence: Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
Quote verified: 2026-11-07 16:55 UTC
Archived snapshot: SHA-256 469e847ea9093f94… · fetched 2026-11-07 · Wayback Machine copy ↗
Source type: Official institutional Global Layer One Organisation (joint release) ↗

Change log (1)

2026-11-07 Published

Full evidence record · How we label confidence

AI-assisted: the summary and analysis were drafted with AI from the primary source and checked by the editors. AI-drafted from the primary source; quote string-matched against the live source page.

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