Monographs/Information Papers
Published Date: 27 June 2024

Global Layer 1 (GL1) Whitepaper

The Global Layer One (GL1) initiative explores the development of a multi-purpose, shared ledger infrastructure based on Distributed Ledger Technology (DLT) that is envisioned to be developed by regulated financial institutions for the financial industry. This paper introduces the GL1 initiative and discusses the role of a shared ledger infrastructure that would be compliant with applicable regulations and governed by common technological standards, principles and practices, on which regulated financial institutions across jurisdictions could deploy tokenised assets.