The GL1: Foundational Layer for Financial Networks session aims to explore the transformative potential of the Global Layer One (GL1) initiative, as introduced by the Monetary Authority of Singapore (MAS). This foundational digital infrastructure is designed to facilitate seamless cross-border transactions and integrate tokenized assets into global liquidity pools.

GL1 is not merely a technological advancement but a strategic move towards establishing a more interconnected and efficient global financial ecosystem. The initiative aims to address current limitations in digital asset platforms, which often face challenges related to regional boundaries and interoperability. By enabling diverse financial institutions to connect through a unified digital backbone, GL1 seeks to enhance market accessibility and operational efficiency across various asset classes.

The roundtable will bring together key central banks, regulators, international financial institutions, commercial banks and financial market infrastructures to:
1. Share latest developments on base infrastructure
2. Delve into use cases of shared ledger infrastructure in supporting financial transactions
3. Discuss standards and frameworks critical for settlement arrangements on shared ledger infrastructures