Blockchain consortium R3 CEV ’s (Reporting by Anna Irrera and Jemima Kelly; Editing by Carmel Crimmins and Cynthia Osterman) participating banks have shown interest in investing $200m in the first funding round for the company, less than 50% of its overall investment target. The start-up is attempting to raise $200m m from members and investors for a 60% stake to develop blockchain -based technology for financial services, having previously sought to gain $150 for a less than 50% stake in a new entity it planned to create. R3 Reuters 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 participating banks have shown interest in investing $200m in the first funding round for the company, less than 50% of its overall investment target. The start-up is attempting to raise $200m m from members and investors for a 60% stake to develop blockchain -based technology for financial services, having previously sought to gain $150 for a less than 50% stake in a new entity it planned to create. R3 Reuters 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.