Post-trade financial services company has announced it will soon start developing new blockchain-based platform for processing credit default swaps.
R3 aims to encourage collaboration and contribution to the Corda platform by giving developers an access to the source code.
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.
R3 has announced a deal with Singapore’s financial regulatory authority to establish the first dedicated distributed ledger technology (DLT) Center of Excellence in the Asian region.
R3 CEV has created its blockchain-based platform Corda specially for financial sphere.
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.
R3 CEV files a patent application for Corda, distributed ledger software underlying the Concord Project.
The trials resulted in the development of two promising prototypes aimed to prove that shared ledger technology is a digital alternative for trade financing.