How R3 is Helping Clients Drive Value from Digital Assets

In front of our very eyes, digital assets are changing the way society operates, transitioning from the periphery of financial services to the mainstream. 

R3, the enterprise distributed ledger technology (DLT) and services firm, has greater knowledge and awareness of this evolution than most, and is on a mission to help clients adopt and drive value from digital assets and digital currencies.

The company is also bidding to support customers in their preparation for the future of regulated markets, from initial exploration to full-scale production. 

That’s why R3 has launched R3 Digital Markets, a suite of end-to-end digital solutions which has been built to connect financial markets. It’s powered by R3’s Corda, a market-leading, regulation-compliant tokenisation platform.

“R3 is laser-focused on progressing capital markets infrastructure,” says David E. Rutter, Founder and CEO at R3. “We’re designing long-term solutions for a seamlessly connected financial world.

“Corda built the foundation for this, as the only production-ready enterprise DLT solution built for regulated markets. With the launch of R3 Digital Markets, we’re further progressing Corda’s mission to unlock the true potential of digital currencies and digital assets, bringing unparalleled value to economies as they digitise.”

R3: Advocating safe DLT integration

R3 Digital Markets is designed to progress markets by driving the adoption of best-in-class solutions and industry standards, enabling efficiency, cost reductions and the safe integration of DLT into core business operations.

Corda has already been deployed by hundreds of institutions operating at scale in capital markets, including SIX Digital Exchange (SDX), ABI Lab (Spunta Banca DLT) and Euroclear D-FMI. The launch of R3 Digital Markets will make it easier than ever for regulated businesses to prepare for the digital future while enhancing their current operations using Corda.

R3 Digital Markets champions interoperability, as opposed to isolation, and ensures businesses are fully equipped to manage both digital and traditional assets effectively.

Kate Karimson, a fintech leader and capital markets expert, has been appointed as CCO to lead the rollout of the new suite. 

Shaping financial markets

R3 Digital Markets includes of a host of exciting products, including:

• R3 Digital Currency: Offering comprehensive management of the full lifecycle of digital currencies, including CBDCs and tokenised deposits, facilitating seamless interaction across networks and core banking systems for 24/7 settlement
• R3 Digital Assets: Enables full lifecycle management tokenisation solutions and digital asset exchanges to be built quickly and robustly for the issuance, listing, trading, management and custody of existing and new assets
• R3 Digital Connect: Enables seamless integration of classic existing systems and all DLT networks, facilitating interoperability and integration in financial markets
• R3 Digital Lab: Cloud-based collaborative lab equipped to handle custom use cases in the path to production, providing support and education to help businesses launch DLT projects without the need for complex infrastructure

Karimson, a senior executive with extensive experience across financial services and DLT, joins  R3 with a proven track record of building innovative, industry-leading businesses and products for financial markets. 

She adds: “I’m excited to join the exceptional leadership team at R3, which has been at the forefront of digitising and shaping financial markets for almost a decade.

“Building DLT products and solutions is a complex challenge, and R3 Digital Markets is all about bringing together the experience of R3 and the foundations of Corda to modernise infrastructures and lay the groundwork for regulated networks that are not built in silos.

“R3 Digital Markets builds on the success of Corda by further removing barriers to entry for firms looking to build innovative DLT solutions, so they can prepare for the future of digital finance.”

******

Check out the latest edition of FinTech Magazine and sign up to our global conference series – FinTech LIVE 2024. 

******

FinTech Magazine is a BizClik brand.