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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.
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