Cecabank, Crédit Mutuel join Regulated Layer One tokenization platform as it launches
RWA Signal Insight
InfrastructureThe Regulated Layer One (RL1) blockchain cooperative has officially launched in Luxembourg, marking a significant step toward a neutral European network for tokenized asset settlement. SWIAT has transferred its DLT platform to the new organization while remaining the primary technical partner. The initiative now includes ten founding members, with the recent addition of Spanish wholesale bank Cecabank and the French cooperative Crédit Mutuel. This launch coincides with the Eurosystem’s Project Pontes, which facilitates on-chain settlement using central bank money and wholesale CBDCs. The membership roster features major institutions such as ABN Amro, DekaBank, DZ Bank, LBBW, Natixis CIB, SC Ventures, and Boerse Stuttgart’s Seturion. While L-BANK and KfW have transitioned to supporter roles, the network aims to provide a robust infrastructure for the evolving European digital asset market. By establishing this collaborative framework, RL1 seeks to standardize the issuance and settlement of tokenized financial instruments across the continent.
Key points
- RL1 launched in Luxembourg with ten founding members including Cecabank and Crédit Mutuel.
- SWIAT transferred its DLT platform to the RL1 cooperative to serve as technical partner.
- The network supports Eurosystem’s Project Pontes for on-chain settlement with central bank money.
- Membership includes ABN Amro, DekaBank, DZ Bank, LBBW, Natixis CIB, and SC Ventures.
Background
SWIAT is a DLT-based platform designed to facilitate the issuance and settlement of tokenized securities within a regulated framework. It focuses on interoperability and compliance, enabling financial institutions to leverage blockchain technology for traditional capital market activities.