Intel, Ping An and Temasek have joined more than 40 financial services firms to provide series A funding for the blockchain fintech consortium.
US-based distributed ledger technology (DLT) developer R3 raised $107m in series A funding on Tuesday from a range of banks and other corporate investors.
R3 represents a substantial consortium of financial services firms that have combined to develop blockchain technology for commercial use in their industry.
The funding represents the first two tranches of a planned three-tranche round and the participants so far include insurance firm Ping An, Singaporean state-owned firm Temasek and Intel Capital, the corporate venturing subsidiary of…
