R3, a consortium of financial companies spearheading blockchain usage R&D, announced that 40 global banks have trialled trading fixed income products over five separate blockchains, marking "an unprecedented scale of institutional collaboration." The announcement comes as the industry continues to grow and is seen by many in the finance sector as an important step towards mainstream adoption.
R3, a consortium of financial companies spearheading blockchain usage R&D, announced that 40 global banks have trialled trading fixed income products over five separate blockchains, marking "an unprecedented scale of institutional collaboration." Santander estimates that blockchain technology could save banks $20bn.