The distributed ledger consortium R3 will soon launch the first production version of its Corda platform, following two years in the development stage.
The new tool named ‘BlockOne IQ’ will enable Wall Street companies to utilize Thomson Reuters’ data on trading systems that run on two types of blockchain types – Ethereum and R3’s Corda.
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.
The head of Russia’s leading bank unveiled his views on the future of the blockchain technology while speaking at the Real Estate Market Innovation Conference.
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.