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RL1 Blockchain Network Launches Operations, Underlying Platform Processes Over €700 Million in Transactions in Three Years

Odaily Planet Daily: Ten European financial institutions have jointly launched Regulated Layer One (RL1), a network established as a European Cooperative in Luxembourg that has commenced operations, targeting regulated financial markets and tokenized assets. RL1 founding members include ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel Alliance Fédérale, DekaBank, DZ BANK, LBBW, Natixis CIB, SC Ventures, and Seturion. RL1 stated that each member holds equal decision-making power over the network's governance and development. This permissioned private network is built on infrastructure developed by German fintech company Secure Worldwide Interbank Asset Transfer (SWIAT), which has transferred ownership of the network to the cooperative. SWIAT stated that during its three-year production phase, the platform processed over 50 transactions with a total value exceeding €700 million. RL1's intended use cases include digital currencies, tokenized bonds, collateral, and blockchain-based settlement. RL1 will be led by former SWIAT Managing Director Henning Vollbehr. KfW and L-Bank will continue to support the initiative, and RL1 is in discussions with additional institutions such as NatWest regarding joining the network.

Bithumb Will List BANK KRW Trading Pair

According to the official announcement, Bithumb will list the BANK/KRW trading pair.

MGBX will list BANKUSDT and AKEUSDT perpetual contract trading pairs

that, according to official sources, MGBX will list BANKUSDT and AKEUSDT perpetual contract trading pairs on July 20, 2026, at 18:00 (SGT).Trading opening time: July 20, 2026, at 18:00 (SGT)Leverage: BANK supports up to 50x, AKE supports up to 20x.

Lorenzo On-Chain Governance System Launches, First Proposal Opens for Voting

Lorenzo Protocol has officially launched its on-chain governance system, Lorenzo Governance, with the first governance proposal now open for voting. This proposal aims to shorten the vesting periods for six categories of tokens—Rewards, Investors, Ecosystem & Development, Team, Treasury, and Advisors—based on community demand, in order to accelerate the token release schedule. If the proposal is approved, the Lorenzo tokenomics will be upgraded from V2 to V3. Upon implementation, the total and circulating supply will immediately increase by 454.8 million tokens, representing an increase of approximately 21.66%. veBANK holders can directly participate in protocol decision-making through on-chain governance voting. The voting period for this round runs from May 12 to May 17.

Lorenzo's first governance proposal aims to add 454.8 million BANK tokens to circulating supply, representing approximately 21.66%

Lorenzo Protocol has officially launched its on-chain governance system, Lorenzo Governance, and opened voting for its first governance proposal.The proposal seeks to shorten the vesting periods for 6 categories of BANK tokens, including rewards, investors, ecosystem development, team, treasury, and advisors. If the proposal passes, Lorenzo Tokenomics will be upgraded from V2 to V3, increasing the total supply and circulating supply by 454.8 million tokens immediately, representing an increase of approximately 21.66%.Additionally, veBANK holders can now participate in protocol decision-making through on-chain governance. The voting will last until May 17, 2026, at 16:00 (UTC).