Cointelegraph reported that 10 European financial institutions have launched RL1, a joint blockchain network for regulated financial markets and tokenized assets. RL1 was established in Luxembourg as a European Cooperative Society (SCE), with participants including ABN Amro, DekaBank, and SC Ventures. RL1 will support digital money, bond tokens, collateral management, and blockchain-based payments, and participating institutions plan to jointly operate the network based on equal voting rights.
