World · Institutional · Global ·
Ten European banks launch a shared cooperative blockchain network called RL1
A group of ten European financial institutions, including ABN AMRO, DekaBank, and Natixis CIB, launched RL1, a member-owned blockchain network aimed at providing shared financial infrastructure for the industry.
Why it matters for the crypto market
Major traditional banks building and jointly owning a blockchain network marks a shift from experimentation to live institutional infrastructure in Europe.
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