Morgan Stanley is Planning to Leave R3, Reports Say
Morgan Stanley is said to be pulling out of the R3CEV blockchain consortium, according to reports. Reuters and The Wall Street Journal indicate that the bank doesn't plan to take part in the startup's ongoing funding effort, aimed at raising $150m. Earlier this week, it was revealed that Goldman Sachs and Banco Santander had moved to withdraw from the consortium, though at press time, neither bank has publicly commented on the reasons for their exits. Departures aside, the consortium is pushing forward, as most of the R3 member banks are said to be planning to invest in the funding round.....
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