Blockchain Initiative 22-Strong As Banking World Shows Intent

A blockchain freight train careering through the financial services world has added 13 globally leading banks to the nine investment giants originally on board, as two men behind the initiative tell PaymentsCompliance the industry is about to be flipped on its head by the unprecedented show of unity.

Financial innovators R3 now have 22 of the world’s biggest banking names partnering to design and apply distributed ledger technologies to global financial markets. 

They have placed legal compliance as a keystone at the apex of three new working groups, believing early engagement and input from financial regulators will help lock the ambitious plan into place.