A blockchain startup R3 CEV is going to raise $150 million in its first funding round and some of its original members have already expressed their intention to invest.
Morgan Stanley can follow Goldman and Santander that have recently unveiled their plans to leave R3 consortium.
R3 CEV is starting fundraising with most of consortium participants expressing their interest in investing.
The pilot project aimed at adopting blockchain for interbank payments will also involve the country’s stock exchange and eight local and foreign banks.
Ten of the globe’s leading banks have worked with R3 to create a new service for Know Your Customer (KYC) procedure using the distributed ledger technology.
According to Seamus Cushley, financial organizations all over the world see a great potential in the blockchain technology trying to adopt it to various services.
The first blockchain-based transaction to ship cotton to China from the United States has taken place between banks.
R3 CEV has created its blockchain-based platform Corda specially for financial sphere.
According to Gross, bitcoin is more attractive for investors comparing to the traditional financial sphere.
The platform called Quorum will allow using a publicly available system for confidential transactions.
The US-based multinational technology company has studieв and announced the benefits and prospects of blockchain use in banking and financial markets shperes.
Computing giant will be working with Bank of America Merrill Lynch on creating blockchain technologies to improve financial exchanges between enterprises.
A group of eight banks, including UniCredit, HSBC, and UBS, have finally tested a distributed ledger prototype for bonds exchange using Intel’s blockchain platform.