Alignment Between Global Layer One (GL1)'s Approach to Institutional Grade Market Infrastructure and the Capital Markets Risk Mitigation Framework (RMF)

As digital assets are increasingly deployed within the global financial system, there is a growing need for clear risk management frameworks and consistent approaches to ensure that underlying market infrastructure is “institutional grade.”

The Global Layer One (GL1) initiative, through the GL1 Market Infrastructure (MI) Toolkit, provides market participants with a framework of controls, guided by international standards as well as emerging industry best practices. The MI Toolkit enables market participants to assess suitability of network operators, as well as to inform infrastructure design.

The Capital Markets Risk Mitigation Framework (RMF), an industry-led effort facilitated by GBBC and Oliver Wyman alongside leading financial institutions and blockchain infrastructure, provides a foundational step towards non-financial risk assessment and proposed mitigation by enabling the secure adoption of public blockchain infrastructures by regulated financial institutions.

April 2026 marked the release of RMF Phase 2, which focused on: (a) infrastructure (Layer 1/Layer 2) risks and (b) application (stablecoins, tokenized bank deposits/deposit token and digital assets securities) risks. The RMF establishes the comprehensive risk assessment criteria that supports financial institutions’ deployment onto those rails to help prevent exposing themselves to unforeseen operational or systemic hazards.

GBBC has worked with GL1 to incorporate elements of the Capital Markets RMF into the GL1 MI Toolkit.

Learn more about GL1 here.

Learn more about RMF here.

View the RMF Phase 2 fact card here.