R3

R3 is an enterprise blockchain and distributed ledger technology company founded in 2014 by David E. Rutter and Todd McDonald, originally as a consortium of nine major banks committed to leveraging distributed ledger technology (DLT) for financial services. The company quickly evolved from a bank consortium into an innovative product firm, growing participation from 9 to over 60 banks. In 2016, R3 launched Corda, the world's first open, permissioned DLT platform, which became the industry standard for regulated digital finance. In 2017 R3 closed a $120+ million Series A round led by 40 global institutions — the largest ever USD investment in DLT at the time. Today, R3 specializes in onchain markets, providing market-leading solutions across real-world asset (RWA) tokenization, digital currencies, and interoperability. The company's Corda platform supports over $17 billion in tokenized real-world assets on-chain, processes millions of transactions per day, and powers over 400 CorDapps. In 2025, R3 partnered with the Solana Foundation to build the world's first public and private converged network, bridging institutional-grade Corda networks with the scale of public blockchains. R3 employs over 79 people globally, has won 14+ industry awards, and maintains offices including a 2024-opened location in Abu Dhabi.