Ten European financial institutions launch RL1 blockchain cooperative
RL1 began operations as a member-owned blockchain cooperative backed by 10 European financial institutions, the network disclosed. ABN AMRO, DekaBank and Natixis CIB are among the founding members, according to the announcement.
Key takeaways
- RL1 launched as a member-owned blockchain cooperative backed by 10 European financial institutions.
- ABN AMRO, DekaBank and Natixis CIB are the three named founding members, while the other seven were not identified.
- The cooperative structure places governance with the participating institutions rather than a single commercial operator.
- The disclosure did not specify supported transactions or asset classes, the technology stack, or a formal start date.
RL1 began operations as a member-owned blockchain cooperative backed by 10 European financial institutions, the network disclosed. ABN AMRO, DekaBank and Natixis CIB are among the founding members, according to the announcement.
Founding institutions
The release named three of the 10 participating banks: ABN AMRO, DekaBank and Natixis CIB. The remaining seven founding members were not identified in the disclosure.
Scope and structure
The announcement described RL1 as member-owned, placing cooperative governance with the participating institutions rather than with a single commercial operator. The release did not specify what transactions or asset classes the network supports, what technology stack it runs on, or a formal date when operations commenced.
Note to editor: Source provides three named members and a member count. No additional figures, dates, or functional detail available. Piece held to source facts per accuracy policy; a follow-on with a spokesperson comment would allow expansion.