10 European Banks Launch RL1 Cooperative Blockchain for Regulated Tokenized Asset Settlement

ABN AMRO, DekaBank, and SC Ventures lead 10 institutions in launching RL1, a Luxembourg-based cooperative blockchain for compliant tokenized asset settlement and digital money transactions.

Woofun AI reports that ten major European financial institutions have officially launched RL1, a blockchain network dedicated to regulated markets and tokenized asset settlement. Established as a European Cooperative Society in Luxembourg, the network features founding members ABN AMRO, DekaBank, and SC Ventures alongside seven other unnamed entities. Operating on a permissioned ledger, RL1 supports digital money transactions, bond token issuance, collateral management, and blockchain-based settlement while adhering to European anti-money laundering and know-your-customer compliance standards.