AI & RWA
GL1 Org launches with HSBC and JPMorgan on its member list. What will it build?
Global financial institutions have formed the Global Layer One Organisation to push shared rules for tokenized markets. Its site lists HSBC, JPMorgan, MUFG, Forge and Standard Chartered as members. The project began at Singapore's central bank in 2024.
AI & RWA
JPMorgan puts JPM Coin on Ethereum: a bank deposit on a public chain, not a stablecoin
JPMorgan's dollar deposit token is now live on Ethereum for institutional clients, 11 months after starting on Base. Its Kinexys unit already moves about $7 billion a day, and banks and stablecoins are now chasing the same job.