Restart! Blockchain alliance giant R3 announces a new round of strategic cooperation

Rage Comment : Although R3 announced earlier that it would no longer accept new financial institutions to join the blockchain alliance, it now seems that they have reopened the door and started a new round of cooperative service providers. Therefore, many financial institutions that did not join may reconsider whether they need to join. At present, only three large financial giants in Japan have joined in Asia, and no Chinese bank has joined. As a blockchain alliance that aims to provide global settlement and clearing solutions based on blockchain, Chinese financial institutions seem to have no reason not to try to join this organization that may change the global financial landscape.

Translation: Annie Xu

Blockchain consortium R3CEV has begun its second round of cooperation with application service providers.

Since its founding in 2015, R3 has partnered with 43 major banks, including 42 in the first round of partnerships, including Banco Santander and JPMorgan, as well as Japan's SBI Holdings, which was the first to announce a partnership in the second round.

Charley Cooper, General Manager, R3

Previously, R3 said it had stopped accepting new members as of December; however, in an interview, R3 General Manager Charley Cooper said a second round of partnerships had begun last week.

And SBI Holdings is the first to join, and we look forward to more companies joining in the future.

"Our strategic deployment has not changed. We have anticipated a second round of cooperation from the beginning. We are currently discussing with buyers, infrastructure suppliers and other potential partners."

Charley Cooper said that there is currently no limit on the number of members for the second round of cooperation, but he hopes to attract more non-bank members this time.