Report: Blockchain Firm R3 Seeks $200 Million from Big Bank Backers
The private consortium led by R3, partnered by 42 of the world’s biggest banks is reportedly looking to raise up to $200 million from members in return for equity on a new product that will run blockchain-enabled solutions for the financial industry. In a report by Financial News, New York-based private blockchain consortium R3 is supposedly seeking investment up to $200 million from its members. A source familiar with the plan tells the publication that discussions between R3 and its members, who are also its backers, are at an early stage. The capital will be sought in exchange for....
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Blockchain.com Lost $270 Million From 3AC Exposure — CEO Says Company ‘Remains Liquid and Solvent’
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