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.
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.