The platform is intended to facilitate domestic and cross-border trade for small and medium enterprises in Europe and increase overall trade transaction transparency.
R3 CEV aims to raise $150 million with the third tranche of fundraising round scheduled for later this year.
Seven large banks are collaborating to make domestic and cross-border commerce easier for European small and medium-sized 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.
A group of banks, including HSBC and Bank of America, have created a new blockchain solution that will help to streamline the process of global trade.
Thirteen top banks, including Citi, Bank of America and Deutsche Bank, have joined a consortium led by financial tech firm R3 that is developing blockchain technology for the financial industry.