Ten leading European financial institutions have launched Regulated Layer One. We break down what users need to know.

Regulated Layer One (RL1) is a cooperative blockchain network for issuing tokenized bonds, digital money, and interbank settlements. The initiative is structured as a European Cooperative Society, headquartered in Luxembourg. Each participant has equal voting rights in network governance and development.

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The cooperative includes ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel Alliance Fédérale, DekaBank, DZ BANK, LBBW, Natixis CIB, SC Ventures, and Seturion. The network is built on…