BIS highlights Singapore’s plans to settle tokenised government bills using wholesale CBDC as regulators advance interoperable digital finance

The Bank for International Settlements published a speech from Singapore's central bank referencing Global Layer One (GL1), whose June 2026 technical documentation features Chainlink's compliance technology. GL1 participants include JPMorgan, HSBC, Standard Chartered, MUFG, Banque de France and MAS. MAS envisions a network of networks linking distributed ledgers with traditional finance for regulated cross-border tokenized asset transactions. According to the author, MAS reports growing adoption of GL1 standards among major DLT networks, with the white paper citing Chainlink's Automated Compliance Engine, Policy Manager, Compliance Rules Engine and Cross-Chain Identity as implementation examples.

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• Regulation
• Singapore
• BIS
• CBDC