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ABN Amro reported quarterly profit that beat analysts’ estimates thanks to higher fees and growth in lending income, prompting the Dutch bank to raise the outlook for its biggest revenue source
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Bond investors at firms including ABN AMRO Investment Solutions and Brandywine Global Investment Management are voicing skepticism about mounting speculation that Federal Reserve Chairman Kevin Warsh is poised to raise interest rates
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Europe's institutional giants are officially joining forces on-chain! 🇪🇺🏦 Ten major European financial institutions have launched Regulated Layer One (RL1), an equal-governance blockchain cooperative designed specifically for tokenized assets, digital money, and capital market settlement. The latest KuCoin blog breaks down the launch of this massive institutional utility: 🏛️ A Jointly Governed Utility: Headquartered in Luxembourg, RL1 gives founding members like ABN AMRO, DekaBank, and Natixis CIB equal voting rights to prevent single-entity network dominance. 📈 Proven Transaction Record: Built on SWIAT's DLT infrastructure, the network goes live having already processed over €700 million across 50+ live transactions. 🔗 Ending Market Fragmentation: Moving beyond isolated bank pilots, RL1 creates a neutral, shared ledger to scale institutional tokenization and support broader European Central Bank digital finance initiatives. 🎯 Targeting Real-World Assets: The permissioned architecture is strictly optimized for capital markets—enabling immediate bond tokenization, RWA settlement, and near-real-time collateral mobility. The transition from experimental blockchain pilots to scalable, integrated capital market infrastructure has officially begun. Read the full breakdown here:
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"Are the prompts secure? Is this being transferred to you? If it was so valuable, if I can make you a bn dollars, wouldn't I say, I'll make you a bn dollars and I want 30%? Why are they charging for tokens if it's so valuable? " - Palantir CEO Alex Karp
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