After Goldman’s exit, Santander too quits R3 group; Morgan Stanley also aims to leave

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After Goldman’s exit, Santander too quits R3 group; Morgan Stanley also aims to leaveAfter Goldman’s exit, Santander too quits R3 group; Morgan Stanley also aims to leave

Headquarters of Banco Santander in Santander, Spain

Following the exit of American multinational finance corporation Goldman Sachs from fintech innovation company R3 CEV LLC’s famous blockchain or distributed ledger consortium, Spanish banking group Banco Santander has too quitted the group, reports Fortune.com, citing a Reuters report. The Wall Street Journal reports that American multinational financial services organization also plans to drop out of the syndicate.

According to Fortune.com, sources close to the matter told the website that Goldman decided to leave the body after being unable to come to an agreement on terms of a potential fundraising arrangement, while Santander’s reason(s) for walking away from the association is(are) less clear.

Both Goldman and Santander, however, are investors in Digital Asset Holdings, a competing blockchain startup led by Blythe Masters, an ex-J.P. Morgan top executive, points out Fortune, adding, “The shakeup indicates that the field is maturing rather than waning.”

Nevertheless, the Reuters article reports a

Read more ... source: CoinReport

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