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Ten European financial institutions have jointly established RL1 to provide infrastructure for tokenized assets.

2026.07.29 09:42:30

Ten European financial institutions have jointly established the Regulated Layer One (RL1) blockchain cooperative, which will provide infrastructure for regulated financial markets and tokenized assets. Founding members include ING Group, Spain’s Cecabank, France’s Crédit Mutuel Alliance Fédérale, Germany’s DekaBank, DZ BANK, LBBW, France’s Natixis CIB, Standard Chartered’s SC Ventures, and Seturion, among others. RL1 is a Luxembourg-registered European cooperative, with all members holding equal governance and decision-making rights. The private permissioned chain is built on infrastructure developed by German fintech firm SWIAT, which has transferred ownership of the network to the cooperative. RL1 aims to support institutional use cases including digital currencies, tokenized bonds, collateral, and blockchain settlement, while reducing fragmentation caused by financial institutions operating their own distributed ledger systems.

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