Ten European Banks Launch RL1, a Cooperative Blockchain Network

Ten European financial institutions have jointly launched RL1, a member-owned cooperative blockchain network. The initiative aims to foster collaboration and innovation among its members by leveraging blockchain technology.

Among the founding members are notable banks such as ABN AMRO, DekaBank, and Natixis CIB, highlighting the network’s strong backing within the European financial sector. According to CoinTelegraph, RL1 has officially begun operations under this cooperative model.

For Japanese investors and market participants, RL1’s launch signals growing institutional interest in blockchain applications across global financial markets, a trend that could influence FX and equity trading dynamics involving European assets.