R3 started out as a consortium and grew fast. Now it is reportedly waiting to see where fate takes it next.
Enterprise blockchain services provider R3 is looking for strategic options. It has been considering possibilities for at least the last six months, according to a report. R3 is the developer of the Corda blockchain.
R3 has held “initial discussions” with Ava Labs, the Solana Foundation and Adhara, looking at options such as a joint venture, selling itself or selling a minority stake, according to Bloomberg, which cited people familiar with the matter.
Corda is an open, permissioned blockchain that counts the Swiss digital stock exchange SDX, fintech Hqlax and Japanese financial services conglomerate SBI among its users. It is also a consistent participant in research projects with the Bank of International Settlements, SWIFT and a variety of central banks and large financial institutions.
