Three more join R3 blockchain initiative

The latest additions bring the total number of banks participating in the project, led by financial innovation company R3, to 25


Mizuho Financial Group, Nordea and UniCredit have joined a global initiative to develop distributed ledger technologies for the financial industry, boosting the number of participating banks in the R3-led initiative to 25 since its September launch.

The project will focus on research, experimentation, design and engineering to help advance blockchain solutions to meet banking requirements for security, reliability, performance, scalability and audit.

"We have been inundated with interest in this

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