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10 European banks, including ABN AMRO and Natixis, launch RL1 blockchain cooperative
Natixis CIB participates in the RL1 blockchain cooperative, reflecting a step toward integrating decentralized technology into its corporate banking services. The news highlights the bank's digital strategy but lacks financial specifics, suggesting a muted market reaction.
Catalysts
- • Natixis CIB joins RL1 blockchain cooperative alongside other European banks
Risk Factors
- • Low fees from blockchain services may not justify investment
- • Regulatory ambiguity in cross-border blockchain transactions
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What does RL1 mean for Natixis's blockchain efforts?
RL1 provides a shared platform for Natixis to experiment with and deploy blockchain solutions, reducing the cost and complexity of going it alone.
Could this lead to new revenue streams for Natixis?
Potentially, if the cooperative develops fee-generating services such as tokenized assets or faster cross-border payments, but no timeline has been provided.