The initiative launches a member-owned network to reduce fragmentation across regulated digital asset markets.

Regulated Layer One (RL1), a neutral and collaborative distributed ledger technology (DLT) network developed for financial markets, has been formally established as a European Cooperative Society (SCE) based in Luxembourg. Henning Vollbehr has been appointed managing director of the SCE The SCE brings together 10 financial institutions from Germany, the Netherlands, France and Spain, with additional participants expected to join. Henning Vollbehr has been appointed managing director of the