According to a Wall Street Journal, Morgan Stanley does not devise on renewing a membership with R3, nor does it intend to deposit in a New York-based blockchain startup’s reported $150 million turn of equity funding.
As reported yesterday, R3 has lowered a fund-raising aim from $200 million to $150 million for a initial vital turn of equity funding, while modifying a structure of a understanding charity to a member banks. For instance, banks will now be charity a interest in R3’s growth lab, a common roof underneath that a members combine to explore, investigate and rise blockchain solutions with R3.
As a partial of a fundraising offering, R3 is reportedly environment adult a new association that delivers a blockchain products to a members, who will also share a 90 percent interest in a company. The reputed terms will also see R3 at