Jul23,2025
As the adoption of blockchain infrastructure grows wider, there remains a notable gap in recognized risk-management frameworks and corresponding regulatory acceptance, particularly within financial institutions.
We are pleased to introduce the Risk Mitigation Framework (RMF), an industry-led effort facilitated by GBBC and Oliver Wyman, which aims to provide a foundational step towards a global risk-based assessment and proposed mitigation path, enabling the safe, secure adoption of blockchains, in particular, public blockchains for regulated financial institutions.
A cross-sector working group—comprising financial-market infrastructures, global systemically important banks, multilateral development banks, and leading Layer-1 protocol teams—has collaborated to provide a common reference rooted in their practical experience of managing risks in blockchain implementations and to provide an overview of how the new technology can be incorporated into established risk-management frameworks.
Access the RMF here.
View the fact card here.
Have questions? Read the FAQs.
Phase 1 of the RMF includes: Ava Labs, Cardano Foundation, Clearstream, Depository Trust & Clearing Corporation (DTCC), Euroclear Group, Global Blockchain Business Council (GBBC), Hedera Foundation, Oliver Wyman, and Ripple, with The World Bank as an observer. In addition to GBBC and Oliver Wyman, Phase 2 will include Chainlink Foundation and Canton Foundation, with additional organizations to be confirmed. If you would like to participate in Phase 2 and/or Phase 3, please reach out to rmf@gbbc.io.
The RMF is being published as a draft based on input from participating institutions. Comments from financial industry stakeholders and regulators are encouraged to inform and refine future phases of this initiative.
