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

Odaily News Ten European financial institutions have jointly launched Regulated Layer One (RL1), a network established as a European Cooperative Society in Luxembourg that has begun 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 network governance and development.



This private permissioned network is based on infrastructure developed by German fintech company Secure Worldwide Interbank Asset Transfer (SWIAT), which has transferred network ownership to the cooperative. SWIAT stated that during three years of production use, the platform processed over 50 transactions with a total value exceeding €700 million.



RL1 use cases include digital currencies, tokenized bonds, collateral, and blockchain-based settlement. RL1 will be led by former SWIAT Managing Director Henning Vollbehr, while KfW and L-Bank will continue to support the initiative. RL1 is in discussions with NatWest and other institutions regarding joining the network.