R3 CEV aims to raise $150 million with the third tranche of fundraising round scheduled for later this year.
JP Morgan has announced its exit from the bank blockchain consortium, thus becoming the latest banking giant to leave the initiative.
R3 explains that Blockchain itself can’t be applied to wholesale financial markets without careful consideration – that’s why Corda was created.
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.
Siemens to take part in a new project with the US-based blockchain startup that will enable energy transfers through the distributed ledger technology.
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 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.