Industry Leaders Unite for Open Transaction Layer Initiative

The Open Transaction Layer (OTL) has been launched by a coalition of leading financial and crypto companies. This industry-wide effort seeks to establish a shared standard for onchain finance, enabling seamless transactions between institutions, unhosted wallets, and AI-driven agents.

Currently, digital asset markets face significant interoperability challenges due to the lack of coordination standards. Regulated institutions must build bespoke connections to manage compliance, messaging, and transaction workflows, resulting in integration sprawl and parallel systems that do not reconcile.

The OTL framework is designed to support the complete transaction lifecycle, including discovery, coordination, compliance, and settlement. It will rely on established standards such as W3C DIDs, IVMS101, ISO 20022, and CAIP-19.