R3 rakes in $107 million in huge blockchain funding round – Computer Business Review

Which blockchain consortium will prove the most formidable?

The R3 blockchain consortium has amassed $107 million in a blockchain funding round that has been marked the largest of its kind in the history of distributed ledger technology.

Having already raised record funds, R3 has said that this figure was accrued from two parts of three within its Series A funding round. Major banks were the top contributors, with HSBC and Bank of America Merrill Lynch providing the biggest injection.

Other important participants in the round included UBS and Barclays; these contributors are among forty participants in total in the blockchain funding round. The last part of the funding round will be available for both members and non-members.

More at: R3 rakes in $107 million in huge blockchain funding round – Computer Business Review

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