Search results for ABN Amro
Crypto
10 European financial firms launch joint blockchain RL1 targeting regulated markets
Ten European financial institutions have begun operating RL1, a joint blockchain network targeting regulated financial markets and tokenised assets. RL1 was established in Luxembourg as a European cooperative and launched as a jointly owned venture by its members. Founding members include ABN Amro, SEB and others, with equal decision-making rights over governance and development. RL1 is a private permissioned network based on infrastructure developed by German fintech SWIAT.
Crypto
Digital Asset raises additional $10 million from Shinhan Financial, SC Ventures
Digital Asset, developer of the Canton blockchain, has raised an additional $10 million from South Korea’s Shinhan Financial Group and Standard Chartered’s SC Ventures. TheBlock reported the investment increased the company’s ongoing funding round to $365 million from $355 million, at the same $2 billion valuation as the previous round. Digital Asset last month announced a $355 million fundraising led by a16z crypto with participation from major institutions.
Crypto
Euro stablecoin project Kibalis adds 25 banks ahead of launch
European banking consortium Kibalis has secured 25 additional banks across 15 countries, raising participating institutions to 37. It plans to launch a regulated euro stablecoin aligned with the European Union crypto regulatory framework MiCA in the second half of 2026, Cointelegraph reported. New members include ABN AMRO, Rabobank, Nordea and Intesa Sanpaolo. Spain had the most additions with five banks, while several other countries added two each.