Permissioned layer one solution compliant by design
Regulated Layer One
An open, neutral, compliance-optimized and non-profit network for the European financial industry, operated as a shared utility by a European cooperative for the benefit of its members.
Participants
The network’s members
Financial institutions participating in RL1, the European Cooperative for regulated market infrastructure
Institutions that co-own and govern RL1 as a European cooperative.
Technical operators maintaining the integrity of the network.
* Current validators on the SWIAT Network — migration to the RL1 Network is intended.
† NatWest will join in the coming weeks.
Governance
A cooperative structure
for shared infrastructure.
RL1 is governed as an SCE — Société Coopérative Européenne — domiciled in Luxembourg. Every member institution has an equal voice.
Potential Use Cases
Built for institutional workflows
Purpose-built for the instruments and operations that define regulated financial markets.
Fixed Income
Digital Bonds
Issue, settle and manage the full lifecycle of tokenized fixed-income instruments on a regulated network.
Asset Tokenization
Tokenized Real-World Assets
Bring off-chain assets on-chain with compliant, programmable ownership and transfer restrictions.
Treasury
On-chain Collateral
Move and optimise collateral in real time across counterparties and venues without manual intervention.
Digital Money
Stablecoins
Deploy regulated, bank-issued stablecoins with native settlement finality and redemption guarantees.
Monetary Infrastructure
Central & Commercial Bank Money
Interoperate between central bank digital currencies and commercial bank money on a single regulated ledger.
Asset Management
Digital Funds
Automate subscriptions, redemptions and NAV calculations for tokenized fund shares with programmable rules.
Secured Financing
Repo & Securities Lending
Execute and settle secured financing with atomic delivery-versus-payment and automated lifecycle management.
Risk Management
Derivatives Margining
Automate margin calls and collateral movements for derivatives positions in real time.