European financial institutions launch RL1 cooperative blockchain network
CoinTelegraph·
60-second summary
European financial institutions launch RL1, a member-owned blockchain cooperative, backed by 10 institutions, including ABN AMRO, DekaBank, and Natixis CIB. RL1 is now operational, aiming to enhance cross-border transactions and improve financial efficiency. This cooperative network is expected to drive innovation and collaboration among European financial institutions, fostering a more secure and efficient financial ecosystem.
RL1 began operations as a member-owned blockchain cooperative backed by 10 European financial institutions, including ABN AMRO, DekaBank and Natixis CIB.