European Banking Titans Launch RL1: A New Era for Regulated Blockchain Networks
A powerhouse coalition of ten European financial institutions has officially launched RL1, a member-owned Regulated Layer One blockchain cooperative. Established as a European Cooperative Society in Luxembourg, RL1 is purpose-built to facilitate the seamless integration of tokenized assets within highly regulated financial environments.
By including heavyweights such as ABN AMRO, DekaBank, and Natixis CIB, the RL1 network introduces a unique governance model where every founding member holds equal decision-making power. This collaborative approach aims to standardize blockchain infrastructure for institutional use, bridging the gap between traditional finance and decentralized ledger technology.
The founding membership includes a prestigious lineup: ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel Alliance Fédérale, DekaBank, DZ BANK, LBBW, Natixis CIB, SC Ventures, and Seturion. A core pillar of the RL1 mission is its democratic governance structure; the network ensures that each member possesses equal decision-making rights regarding the development and overall governance of the blockchain ecosystem.
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