R3 to raise up to $US200m from 42 global banks for blockchain trials
R3 CEV, the consortium of 42 global banks – including some of Australia's biggest institutions – that is investigating how to employ blockchain technology in financial services, is planning an equity capital raising of up to $US200 million this year.
Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corp and Macquarie are members of the R3 consortium that formed last year, so will be considering over the coming months the extent of their participation in the deal.
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