Blockchain conglomerate adds 12 more banks to project
(21 December 2015 – Global) R3, the banking conglomerate developing blockchain technology has added 12 more banks to the project, and closed the first round of membership.
In the latest round, Australia’s Westpac Bank was joined by Sumitomo Mitsui Banking Corporation, Banco Santander US Bank, Nomura among others to bring the total number of memberships to 42.
Although the initial window to membership has closed, the startup has said it will look to work with non-bank financial institutions and groups in 2016.
CEO David Rutter says in a statement last week: “R3 has long believed that distributed ledger technology has the potential to impact the financial services sector the way the Internet changed media and entertainment.”
The full list of members includes:
Banco Santander, Bank of America, Barclays, BBVA, BMO Financial Group, BNP Paribas, BNY Mellon, CIBC, Commonwealth Bank of Australia, Citi, Commerzbank, Credit Suisse, Danske Bank, Deutsche Bank, J.P. Morgan, Goldman Sachs, HSBC, ING Bank, Intesa Sanpaolo, Macquarie Bank, Mitsubishi UFJ Financial Group, Mizuho Financial Group, Morgan Stanley, National Australia Bank, Natixis, Nomura, Nordea, Northern Trust, OP Financial Group, Scotiabank, State Street, Sumitomo Mitsui Banking Corporation, Royal Bank of Canada, Royal Bank of Scotland, SEB, Societe Generale, Toronto-Dominion Bank, UBS, UniCredit, U.S. Bancorp, Wells Fargo and Westpac Banking Corporation.
Subscribe