Another R3 Exit: Spanish Bank Santander Quits Blockchain Consortium

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Banco Santander, one of a early participants of a R3 blockchain consortium has deserted a operative group, fasten investment banking establishment Goldman Sachs in departure.

The Spanish banking giant’s preference to let a R3 membership relapse is a second high-profile exit from a operative organisation and comes in a months after it roped in Blythe Masters for a blockchain advisory purpose during a bank. Masters is a arch executive during Digital Asset, a startup that is arguably R3’s aspirant in building blockchain solutions for a financial services industry.

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Santander is a second vital bank to leave a R3 blockchain consortium.

While reasons for a departures aren’t supposing in any central capacity, R3 is now in a midst of lifting a initial vital turn of equity funding.

A Reuters source reveals that New York-based R3, that is heading a operative organisation of over 70 of a world’s vital banking and financial institutions, has now lowered

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