TLDRRL1 launched as a Luxembourg cooperative with 10 founding financial institutions across European markets today. European financial institutions have launched Regulated Layer One, a shared blockchain network designed to support regulated digital asset markets across Europe. He added that the commitment shows growing industry demand for shared regulated digital market infrastructure. Vollbehr said RL1 will serve as connecting infrastructure for Europe’s digital financial market. The network now enters its next phase with a regulated structure and a wider group of European financial institutions.