European financial institutions launch RL1 cooperative blockchain network

CryptoInfo Editorial Team · Published on July 29, 2026 at 00:09 · Updated on July 29, 2026 · 1 min read

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Key Takeaways

→The RL1 cooperative blockchain network has begun operations with 10 European financial institutions as members.
→Member institutions include ABN AMRO, DekaBank, and Natixis CIB.
→The network aims to utilize blockchain technology for financial operations.

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

European financial institutions have launched the RL1 cooperative blockchain network, as reported by CoinTelegraph. This network began operations as a member-owned blockchain cooperative.

The RL1 blockchain network is backed by 10 European financial institutions, including ABN AMRO, DekaBank, and Natixis CIB. The launch of this network marks a significant collaboration among these institutions to utilize blockchain technology for financial operations.

The RL1 cooperative aims to provide a platform for its member institutions to leverage blockchain technology and improve their financial operations. With the launch of RL1, these institutions can now explore the potential benefits of blockchain technology in a collaborative and secure environment.

Source: CoinTelegraph ↗