| Mobile Web

Search results for Fintech

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

Crypto industry restructuring spreads as Luno cuts 20 percent of workforce

Crypto exchange Luno will cut about 20 percent of its global workforce as restructuring spreads across the sector. Cointelegraph reported that Luno is reorganising to allocate more resources to institutional clients, financial infrastructure and business-to-business services. Chief Executive James Lanigan said automation investment and broad operational improvements have changed resource needs. Luno plans to reduce costs while continuing to invest in compliance, core infrastructure and retail products.

Crypto

‘Coin jackpot’ narrative draws crypto investors as fundamentals take a back seat

The cryptocurrency market has grown to include institutional investors, yield protocols and real-world use cases, but investor attention remains focused on “one-shot” profit narratives rather than fundamentals. Experts cited crypto’s status as a young asset class and investor psychology. They pointed to a gap between capital flows and attention, and said market structure, liquidity and sustainable cash flow matter more over time.