European Banks Launch Blockchain Cooperative RL1 for Tokenized Assets and Crypto
Ten leading European financial institutions have launched Regulated Layer One. We break down what users need to know. Regulated Layer One (RL1) is a cooperative blockchain network for issuing tokenized bonds, digital money, and interbank settlements.
The initiative is structured as a European Cooperative Society, headquartered in Luxembourg. Each participant has equal voting rights in network governance and development. Hot topic: EU vs.
Crypto: ECB Warns Stablecoins Could Drain Deposits Despite Europe’s MiCA The cooperative includes ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel Alliance Fédérale, DekaBank, DZ BANK, LBBW, Natixis CIB, SC Ventures, and Seturion.
The network is built on SWIAT’s infrastructure, which has processed more than 50 transactions worth over €700 million in three years. Former SWIAT Managing Director Henning Volber has been appointed head of RL1.
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