HSBC, JPMorgan's Kinexys, Mitsubishi UFJ Financial Group, Societe Generale-Forge and Standard Chartered have set up Global Layer One Organisation, a Singapore-based non-profit, to develop common standards and interoperability for tokenised financial markets. It builds on the Monetary Authority of Singapore's GL1 initiative.
HSBC, JPMorgan and three other banks launch GL1 Org for tokenised markets
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