Global law firm Clifford Chance has advised Global Layer One (GL1) as one of the legal advisers on the launch of its new toolkit, which provides a framework and technical standards for building institutional-grade infrastructures for tokenised assets.
GL1’s Market Infrastructure Toolkit creates a foundation for consistent, standards-based adoption of distributed ledger technology (DLT) across global financial markets.
Partner Lena Ng said, “The GL1 initiative represents a collaborative effort between public and private sectors to develop shared ledger infrastructures that meet global regulatory expectations. These dialogues are essential to shaping frameworks that balance innovation with stability. Clifford Chance is proud to contribute from a global perspective on the legal and regulatory issues that underpin this transformative work.”
Partner Monica Sah added, “GL1 Market Infrastructure Toolkit is a core development in the digital asset ecosystem. It has been a privilege for our cross-border Financial Regulation team to work with GL1 on the complex issues raised.”
Lena and Monica were supported by Special Regulatory Advisor Madeleine Yates.
Learn more from GL1’s announcement here.
GL1 is a multilateral initiative between global financial institutions and policymakers to foster an ecosystem of compatible financial infrastructures to enable seamless transactions of tokenised assets across borders. Participating financial institutions include Euroclear, HSBC, Kinexys by J.P. Morgan, MUFG Bank, Ltd., and Societe Generale-FORGE; supporting policymakers include Bank of England, Banque de France, European Central Bank, and the Monetary Authority of Singapore.
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