Yeah definitely. I’m sure some people in co-tech in the UK were working on something like this in a more generalised way a while back. They were running sessions for people on this for a while. Working with experienced orgs on this would be key.
Ideally each country would have a system which generates all the basic legal paperwork and a sound (if basic and intended for extension) constitution which encodes essential compliance requirements. Getting such a system verified may be easier said than done, however, especially depending on how co-op friendly the local regulatory environment happens to be.
If going from scratch, trying to get support from an acquiring bank to verify authorisation and settlement integration as a community project would be “interesting”. Things like PCI compliance, 3DS accreditation etc. also. Pretty much need to piggyback off an existing solution.