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.
