R3 is an enterprise software firm working with over 100 banks , financial institutions , regulators , trade associations , professional services firms and technology companies to develop Corda , its distributed ledger platform designed specifically for businesses . R3 ’ s global team of over 140 professionals in nine countries is supported by over 2,000 technology , financial , and legal experts drawn from its global member base . R3 recently announced the successful completion of the first 2 of 3 tranches in a Series A fundraise valued at USD 107 million .

Corda is the outcome of over two years of intense research and development by R3 and its members and meets the highest standards of the banking industry , yet is applicable to any commercial scenario . It records , manages and executes institutions ’ financial agreements in perfect synchrony with their peers , creating a world of frictionless commerce .

www . r3 . com | www . corda . net | businessdevelopment @ r3 . com