Linklaters advises on the launch of the GL1 MI Toolkit to advance global financial infrastructure for tokenised assets

Linklaters advised Global Layer One on the development and launch of the Market Infrastructure (MI) Toolkit to support the evolution of global financial infrastructures for tokenised assets.

GL1 is a multilateral initiative bringing together leading financial institutions with the support of central banks and policymakers such as the Bank of England, Banque de France, European Central Bank, and the Monetary Authority of Singapore. The GL1 initiative aims to facilitate an open and interoperable ecosystem where tokenised assets can be transacted seamlessly across borders and to promote the development of shared standards and principles for cross-border digital asset transactions.

The MI Toolkit equips market participants with a robust framework of controls, allowing them to self-attest and benchmark the suitability of market infrastructures in line with evolving international standards and emerging industry best practices.

As one of the legal advisers, the Linklaters team leveraged its global market-leading expertise in financial market infrastructures and tokenised assets to advise on the development of the MI Toolkit. This included liaising with policy makers and industry participants to ensure widespread and practical application of the MI Toolkit.

Linklaters’ multi-disciplinary, cross-jurisdictional team was led by partners Peiying Chua – Asia Head of Fintech (Singapore), Harry Eddis – Global Co-Head of Fintech (London), Joshua Klayman – U.S. Head of Fintech and Head of Blockchain and Digital Assets (New York), David Lucking – Structured Finance Partner (New York), supported by Sophia Le Vesconte – counsel (Knowledge), Fintech (Paris), Sarah Willis – counsel, Capital Markets (London) and Elizabeth Webb – associate, Financial Regulation Group (Singapore).

Peiying Chua, Financial Regulation Partner and Asia Head of Fintech commented,

“We are honoured to have advised on the development of the MI Toolkit. As GL1 extends its engagement with financial institutions and policymakers worldwide, Linklaters remains committed to supporting initiatives that foster innovation and resilience in the digital asset landscape. The progressive adoption of this toolkit signals another important step in ensuring the continued evolution, safety, and integrity of market infrastructure for the digital economy.”