🚨 IMF, JPMorgan, central banks, and blockchain firms contribute to a global compliance blueprint for tokenized assets 🚨
A new Global Layer One white paper outlines a programmable compliance framework for tokenized financial assets and regulated digital-asset transactions. The effort brings together central banks, international institutions, banks, and blockchain firms to explore how compliance rules can be embedded directly into tokenized markets.
🔑 Key highlights:
🔹️ Contributors to the white paper include the IMF, Banque de France, the Monetary Authority of Singapore, JPMorgan’s Kinexys unit, and Standard Chartered.
🔹️ The paper focuses on programmable compliance, meaning issuer-defined and regulatory policies can be enforced directly within tokenized asset transactions.
🔹️ The framework is designed to support regulated digital-asset activity while preserving commercial confidentiality and client privacy.
🔹️ The paper explores privacy-preserving technologies such as zero-knowledge proofs to help meet compliance requirements without exposing sensitive transaction data.
🔹️ Bermuda, Chainlink Labs, GLEIF, and the BIS Innovation Hub also contributed input to the broader effort.
🎯 Bottom Line: The paper presents a coordinated institutional push to build compliance architecture for tokenized asset markets.
https://news.bitcoin.com/imf-jpmorgan-central-banks-contribute-to-global-tokenized-asset-compliance-effort/