Crypto
European Banks Unite with Blockchain Cooperative RL1
Ten leading European financial institutions have launched Regulated Layer One (RL1), 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.
RL1 aims to overcome network fragmentation in the regulated financial sector and create a neutral, pan-European DLT infrastructure for tokenized assets and next-generation financial services.