Blockchain consortium R3 CEV’s blockchain-as-a-service platform for the financial services industry. The start-up is attempting to raise $150m from members and investors for a 60% stake to develop blockchain-based technology for financial services, having previously sought to gain $200m for a 90% stake in a new entity it planned to create. Goldman Sachs Group Inc (GS.N), Morgan Stanley (MS.N), Banco Santander SA (SAN.MC) and National Bank of Australia (NAB.AX) have opted out of the fund-raising and are planning to leave the consortium, Reuters reported on Monday. R3 EV plans to raise the money in the next nine to 12 months, and has yet to contact external companies beyond its original 42 bank members.
Blockchain consortium R3 CEV’s blockchain-as-a-service platform for the financial services industry. The start-up is attempting to raise $150m from members and investors for a 60% stake to develop blockchain-based technology for financial services, having previously sought to gain $200m for a 90% stake in a new entity it planned to create. R3 EV plans to raise the money in the next nine to 12 months, and has yet to contact external companies beyond its original 42 bank members.