Blockchain : R3 CEV ’s member banks have shown interest in investing $ 59 m in the first funding round for the company , less than 50 % of its overall investment target . R3, a New York-based startup, is seeking to raise $150 million from its members and strategic investors to fund its activities focused on developing blockchain-based technology for the financial services sector. The start - up is attempting to raise $ 150 m from members and investors for a 10 % stake to develop blockchain - based technology for financial services , having previously hoped to gain $ 100 m 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 .
Blockchain : R3 CEV ’s member banks have shown interest in investing $ 59 m in the first funding round for the company , less than 50 % of its overall investment target . The start - up is attempting to raise $ 150 m from members and investors for a 10 % stake to develop blockchain - based technology for financial services , having previously hoped to gain $ 100 m 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 .