Daily Crypto Briefs 
LUXEMBOURG, July 30, 2026
Natixis Corporate & Investment Banking said Thursday it has joined Regulated Layer One, or RL1, as one of 10 founding institutions in a European cooperative for tokenized assets and digital money, with the SWIAT-based ledger behind the project reporting more than €700 million settled across over 50 transactions.
The announcement puts a large French investment bank inside a shared, permissioned blockchain network rather than a public crypto chain. RL1 is intended to let regulated firms transact and develop capital-markets applications on a common ledger, with no public token or retail trading product announced.
The initial network numbers are concrete but narrow: 10 founding institutions, more than 50 completed transactions and more than €700 million in settled value. Bitcoin’s July 29 daily snapshot was $63,468, about 6.7% above its June 29 reading but below the $66,521 recorded July 22, according to CoinGecko market data; those moves do not establish a link to RL1, which has no traded native asset.
In its official announcement, Natixis CIB said RL1 will allow it to transact with other members in tokenized assets and digital money. The bank described the infrastructure as a way to move beyond fragmented pilots, an objective that depends on member institutions actually using the same operational and legal rails.
The project began as an effort to transfer the existing SWIAT network into a European cooperative. In a September 2025 launch announcement, KfW said the underlying network had processed more than 40 transactions and over €600 million in volume, while the founders were preparing the cooperative structure. The latest figures and Natixis’s membership indicate that the project has moved from that formation phase into a live institutional framework.
The distinction is material for tokenization. A common, permissioned ledger may make it easier for member banks to reuse compliance and settlement processes, but it does not by itself create liquidity, standardize every legal claim or make a tokenized security interchangeable with its conventional version.
Bitcoin
BTCNatixis Joins RL1’s 10-Bank Blockchain Cooperative
RL1 lists ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel Alliance Fédérale, DekaBank, DZ BANK, LBBW, Natixis CIB, SC Ventures and Seturion as its founding institutions. Natixis did not disclose a financial commitment, transaction-volume target or the first use case it plans to bring to the network.
The cooperative’s structure is part of its pitch. Rather than have one bank or technology provider own the ledger, members are meant to share governance, while SWIAT remains the software and services provider. That model seeks to give regulated participants a neutral place to issue or settle digital instruments without each institution building a separate network.
Europe’s bank-led digital-asset push has widened beyond customer crypto access. Daily Crypto Briefs previously tracked how Europe’s major banks have added crypto trading, custody and stablecoin plans; RL1 is aimed further down the stack, at the infrastructure those firms may use for regulated tokenization.
The project is not equivalent to an open blockchain where anyone can run a validator or deploy an application. Permissioned access lets the participants apply their own onboarding, compliance and operating standards, which is useful for institutional settlement but limits the network’s public composability.
RL1 Has Settled More Than €700M Across 50 Transactions
The more-than-€700 million figure is a cumulative settlement measure, not the value of a crypto token or a disclosed asset-under-management total. RL1 says the network has completed more than 50 transactions, which places the average reported transaction above €14 million if the two rounded figures are considered together, though neither the network nor Natixis published the individual transaction sizes.
KfW’s earlier description said the ledger could support native digital assets, tokenized traditional assets, several settlement options and cash-on-chain solutions. It also said bond tokenization was an immediate potential use case. That makes the technology comparable to the shared market-infrastructure work around onchain securities, not a bank launching a consumer wallet.
The direction overlaps with the NYSE’s tokenized-securities platform plan, which targets trading and settlement but still requires regulatory approvals. It also differs from an open-network integration: RL1’s member governance is central to the design, while NYSE said it expects to support multiple settlement and custody chains.
For banks, a live ledger with completed transfers is more useful evidence than a memorandum alone. It still leaves open which participants will provide liquidity, which assets will be issued first, how cross-border legal recognition will work and whether activity will scale beyond a small set of bilateral institutional transactions.
Europe’s Tokenized-Asset Network Still Faces Its Next Test
The cooperative does not eliminate the difficult parts of tokenization. A digital record can settle quickly while custody, investor rights, transfer restrictions, collateral treatment and insolvency rules still depend on the asset and jurisdiction. RL1 has not disclosed a public schedule for its first shared product or the value it expects to settle next.
Its progress will be measured by whether the 10 institutions use the same ledger for repeatable, multi-party transactions rather than isolated demonstrations. That is the operational hurdle behind the broader shift toward tokenized capital markets, including DTCC’s work on onchain Treasury infrastructure.
The Crypto Fear & Greed Index read 29, or Fear, on July 29. It is a broad retail-market sentiment measure, not a reading on demand for RL1 or tokenized bank infrastructure.
Fear & Greed Index
July 29, 2026The next disclosures to watch are a named asset issuance or settlement use case, additional members and evidence that transactions can move among several institutions under the cooperative’s governance. Natixis and RL1 have not announced a public token, a retail access route or a timetable for those milestones.
Stay up to date
Get the latest crypto insights delivered to your inbox
Primary sources and further reading
| Source | Title |
|---|---|
| | Natixis Corporate & Investment Banking: RL1 founding-member announcement |
| | KfW: Regulated Layer One initiative announcement |
| | Natixis CIB: official corporate site and brand identity |
| | CoinGecko: Bitcoin market data |
| | Alternative.me: Crypto Fear and Greed Index |
Fact-checked by: Daily Crypto Briefs Fact-Check Desk
Related Articles
Frequently Asked Questions
What is Regulated Layer One, or RL1?
RL1 is a Luxembourg-based European cooperative that provides a permissioned distributed-ledger foundation for regulated financial institutions. It is designed for tokenized assets, digital money and institutional settlement rather than public retail crypto trading.
Which banks are founding members of RL1?
RL1 identifies ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel Alliance Fédérale, DekaBank, DZ BANK, LBBW, Natixis CIB, SC Ventures and Seturion as its 10 founding institutions.
How much activity has RL1 processed?
The organisations involved say the SWIAT-based production network underlying RL1 has settled more than 50 transactions worth over €700 million. Those figures refer to institutional ledger activity, not a public token market or a token valuation.
Can retail investors buy an RL1 token?
RL1 has not announced a public token or a retail trading product. The network is permissioned infrastructure intended for regulated financial-market participants.