The new strategy will focus on supporting early-stage companies building on its flagship Corda platform, as well as exploring joint venture opportunities.
R3 and four bank partners successfully issue €100,000 notional.
R3 chief David Rutter hits back at ‘false rumours’ of financial troubles spread by two former employees.
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.