Tag: R3

R3, a consortium made up of more than 80 banks and financial services firms from around the world, has raised $107m in the largest blockchain funding deal to date.

US insurance giant MetLife is joining the R3 blockchain consortium to explore what role the technology could play a role in its field.

Distributed ledger technology is now something that banks are taking very seriously, however, with blockchain-based systems potentially enabling them to save billions.

The R3 consortium, which focuses on joint development of distributed ledger technologies, is adding its first stock exchange with Brazil’s BM&FBovespa coming on board.

Thompson Reuters is the latest company to join a consortium of institutions, headed up by New York fintech firm R3, dedicated to developing use cases for the blockchain technology in financial markets.