Report: Morgan Stanley Might Leave R3 Blockchain Consortium

Bitcoin Watch Shop

Morgan Stanley could be a latest bank to join a ranks with Goldman Sachs and Banco Santander to leave a R3 blockchain consortium, a news has revealed.

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

Read more ... source:

Advertise on the Bitcoin News

Do you like The Bitcoin News ? Thank you for Support us !
ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824