10 European Financial Institutions Establish RL1 Blockchain Collaboration Network, Targeting Regulated Financial Markets and Tokenized Assets

According to Cointelegraph, 10 European financial institutions have jointly launched the blockchain cooperative Regulated Layer One (RL1), which has commenced operations in Luxembourg as a European cooperative society. The network targets regulated financial markets, focusing on supporting institutional-grade applications such as digital currencies, tokenized bonds, collateral, and on-chain settlement.