Blockchain Consortium R3 Reportedly Considers IPO

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Blockchain Consortium R3 Reportedly Considers IPO

Postby » Thu Jul 12, 2018 2:51 pm

R3, a consortium of more than 200 blue-chip financial institutions that works on how to use blockchain in global financial markets, is thinking of an IPO.

Citing people familiar with the matter, Bloomberg reported that the 5-year-old startup is speaking with advisers about an initial public offering, although no specific, final decisions have been made at the moment.

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The private sources did not provide a timeline or a location for the offering which would make R3 open to public scrutiny, a development that could make the entire arrangement less attractive for its heavyweight members.

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