Nomura and Mizhuo Financial will join other Japanese banks in testing a blockchain platform for derivatives contracts.
JP Morgan has followed fellow founding member Goldman Sachs in departing the R3 blockchain initiative.
Market participants and R3 members CIBC, Commerzbank, Credit Suisse, UBS and ING have collaborated with HQLAx to produce a collateral lending offering.
The R3 initiative has acquired its first US state-level regulator since its formation in 2014.
Industry expert gives view on recent string of high profile departures.
R3 has been hit by confirmed departures from Santander and Goldman Sachs but said it is continuing to recruit new members.
Morgan Stanley has reportedly followed Goldman Sachs and Santander in leaving the R3 blockchain venture.
Santander joined R3 in 2015 but has now followed Goldman Sachs in leaving the venture.
R3’s blockchain initiative continues to gain momentum with the launch of an Asian DLT centre of excellence.
R3 blockchain gains momentum, as BM&FBOVESPA becomes the first exchange to join the initiative.