Tagged: r3

ASEAN Financial Innovation Network Partners with R3 on CBDCs

The ASEAN Financial Innovation Network (AFIN) has partnered with R3 to build and test central bank digital currencies (CBDCs). CBDCs have emerged as a hot topic of governmental innovation – fueled in part by the rise of stablecoins utilized as digital references of fiat currency…. Read More

DBS Bank and Contour to Expand Digital Trade Offerings in Australia, China, Hong Kong, Singapore

DBS Bank and Contour have expanded their digital trade offerings to four new markets in the Asia-Pacific (APAC) region. As mentioned in a release, digital letter of credit capabilities will be offered in Australia, China, Hong Kong and Singapore starting this month. The announcement also… Read More

Global Enterprise Software Firm R3’s Development Fund Reaches $10M in Capital Deployed to Blockchain Startups

Global enterprise software company R3’s Development Fund has reportedy reached the milestone of $10 million in capital deployed “across over 30 investments in more than 20 of the most promising early-stage blockchain and confidential computing companies,” according to a release shared with CI. As noted… Read More

Singapore’s #dltledgers, a Blockchain or DLT Platform for Cross-Border Trade, Secures $7M via Series A

Singapore-based #dltledgers, a blockchain or distributed ledger technology (DLT) platform for conducting cross-border trade, trade finance, and handling supply chain digitization, has secured $7 million in capital through a Series A round. The firm’s investment round was led by Regis and Savoy Capital, Vittal, Walden… Read More

Enterprise Blockchain Firm R3 Expands in Thailand After Renewed Partnership with Bangkok Bank

R3 will expand its presence in Thailand, including new hires, after the renewal of its partnership with Bangkok Bank, according to a statement by the firm. Amit Ghosh, Head of APAC, R3, stated: “Thai enterprises are at the forefront of innovation, digital transformation and blockchain… Read More

Perspective: Institutional Adoption of STOs and Digital Assets in 2020

Back in December, I wrote a piece for Coindesk’s Year in Review 2019 entitled “Security Token Offerings Are (Finally) Set for Takeoff in 2020”.  This was before word of COVID-19 became widespread and before many of the cataclysmic events of 2020 were even imaginable.  Thus… Read More

Blockchain Infrastructure Developer R3 Founder David Rutter Announces New Trading Platform LedgerEdge for Corporate Bond Market

David Rutter, founder at LedgerEdge, a trading venue for the US Treasuries market, and R3, a blockchain and DLT infrastructure company, is reportedly planning to address some of the major challenges in the corporate bond market with the launch of LedgerEdge, a new trading platform…. Read More

Payments platform Sia Partners with Blockchain Tech Firm Quant Network

Quant Network, an enterprise blockchain tech firm, and SIA, European payment services business and a subsidiary of CDP Equity, have successfully tested cross-blockchain interoperability between multiple Distributed Ledger Technology (DLT) protocols, according to a company release. The test integrated the Quant Network’s Overledger technology into… Read More

Hedera Hashraph CEO Mance Harmon Explains the Role of Governing Council Members

Hedera Hashgraph, a decentralized public network where “anyone can carve out a piece of cyberspace to transact, play, and socialize in a secure, trusted environment,” may offer “Consensus-as-a-Service” for blockchains or distributed ledger technology (DLT) networks. Hedera is a leading provider of enterprise-grade DLT solutions…. Read More

Hex Trust Is Now the First Licensed Crypto Asset Custodian in Hong Kong to Integrate with R3’s DLT-based Corda Platform

Hex Trust has reportedly become the very first licensed crypto-asset custodian in Hong Kong to integrate its services with R3’s Corda platform. The integration will allow the blockchain or distributed ledger technology (DLT) platform to be used by Hex Trust’s virtual asset custody solution. R3… Read More

Enterprise Blockchain Firm R3 Hires former AWS & IBM Executive Dorothy Copeland

R3 an enterprise blockchain platform that has developed “Corda” and was founded with the support of multiple financial services firms, has hired Dorothy Copeland, as Global Head of Partner Ecosystem & Alliances. Copeland previously worked at both Amazon Web Services (AWS) and IBM. While at… Read More

Blockchain-based Supply Chain and Trade Finance Firm, Envoy Group, Acquires $13 Million in Funding

Blockchain-enabled supply chain and trade finance firm Envoy Group is reportedly planning to expand its operations beyond Latin America. This, after recently acquiring $13 million in funding from Alcedo Digital Ventures. Developed on R3’s Corda platform, Envoy aims to enhance the existing $17 trillion annual… Read More

Oman Oil and Orpic Group and HSBC Bank Oman SAOG Perform First Blockchain-based Trade Finance Transaction in the Country

Oman Oil and Orpic Group and HSBC Bank Oman SAOG have reportedly performed the first blockchain-based trade finance transaction in the Middle Eastern nation using R3’s Corda technology. According to a November 23 report from Oman Observer, Oman Oil and Orpic Group, the country’s largest… Read More

Wethaq Completes Pilot of First Fintech Sukuk, Uses R3 Corda

Wethaq Capital has announced that it has issued the first pilot Sukuk on its securities market platform for the Islamic capital markets under the supervision of the Dubai Financial Services Authority (DFSA). Wethaq is operating under an innovation testing license issued by the DFSA. Mohammed… Read More

R3, Accenture and SAP Team Up to Build Gross-Settlement System Using Corda

Accenture (NYSE:ACN), SAP SE (NYSE:SAP) and R3 are working to build a real-time gross-settlement system to handle large payments between banks and other parties. In standard real-time gross settlement (RTGS) systems, electronic fund transfers are immediate. RTGS is often used for high-value transactions that must… Read More

Digital Securities Exchange Archax to Use R3’s Corda Enterprise Software for Post-Trade Activities

London-based Archax, an institutional digital securities exchange, announced on October 18 that it had teamed up with enterprise blockchain developer R3. The partnership between the two companies involves using R3’s Corda Enterprise software to manage post-trade activities on Archax’s platform. Archax provides a globally accessible… Read More

Blockchain-based Trade Finance Platform Marco Polo Is Testing Its First Trade Deal Between Russia and Germany

Marco Polo, a trade finance blockchain that has partnered over 20 banks, is testing its first trade deal between Germany and Russia. The company’s pilot was announced on October 11.  Russian’s Alfa-Bank and Novolipetsk Steel Company (NLMK) will take part in the pilot. Germany’s Commerzbank… Read More

Vanguard and Blockchain Startup Symbiont Are Developing Trading Platform for $6 Trillion Currency Market

The Vanguard Group, a registered investment advisor headquartered in Malvern, Pennsylvania with more than $5.3 trillion in assets under management, has teamed up with Symbiont, a crypto startup backed by Nasdaq Ventures. The partnership between Vanguard and Symbiont involves developing a trading platform for the… Read More

Insurtech TrustLayer Exits Stealth Mode, Provides Insurance Verification Using Distributed Ledger Technology

Insurtech TrustLayer has exited stealth mode, according to a company release. TrustLayer provides an automated insurance verification platform using distributed ledger technology (DLT). The enterprise blockchain app will provide real-time updates on the R3 Corda distributed ledger ecosystem Simultaneously, TrustLayer announced a partnership with residential… Read More

Infosys Finacle & R3 Completes Global Trial of Blockchain Based Trade Finance

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), announced on Monday it has completed its global blockchain trial in partnership with blockchain software company, R3. According to Infosys Finacle, a total of eighteen banking groups joined the test network of… Read More

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