🚀 HSBC And Euroclear Join Singapore's Global Layer One Initiative
#HSBC #Euroclear #Singapore #GlobalLayerOne #digitalinfrastructure #commercialnetworks #financialservices #digitalassets #marketinfrastructure #blockchain
According to BlockBeats, on November 4, the Monetary Authority of Singapore (MAS) announced that HSBC and Euroclear have joined its Global Layer One (GL1) initiative. GL1 aims to promote the development of foundational digital infrastructure and support the deployment of commercial networks. Since its launch, major global banks such as Bank of New York, Citibank, JPMorgan Chase, MUFG Bank, and Societe Generale-FORGE have been working 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. This group will focus on principles for controlling digital asset securities and will engage in additional activities, including control principles, standards, and design compliance.#HSBC #Euroclear #Singapore #GlobalLayerOne #digitalinfrastructure #commercialnetworks #financialservices #digitalassets #marketinfrastructure #blockchain
🚀 UK and Singapore Strengthen Digital Finance Collaboration
#UK #Singapore #DigitalFinance #FinancialDialogue #TokenizedAssets #ProjectGuardian #GlobalLayerOne #CrossBorderTransactions
According to BlockBeats, UK and Singapore officials convened in London this week for the tenth UK-Singapore Financial Dialogue, reaching several agreements in the digital finance sector. They committed to advancing Project Guardian, which aims to test the practical applications of tokenized financial assets. The next phase will involve closer collaboration with industry groups such as the UK Investment Association and the Singapore Investment Management Association.
The discussions also highlighted the Global Layer One initiative, which seeks to establish a shared ledger system to reduce technical and regulatory barriers in cross-border tokenized asset transactions.#UK #Singapore #DigitalFinance #FinancialDialogue #TokenizedAssets #ProjectGuardian #GlobalLayerOne #CrossBorderTransactions