Japan’s Third Largest Bank Completes Blockchain Trade Finance Test

Sumitomo Mitsui Banking Corporation (SMBC), the third largest bank by assets in Japan, is set to begin utilizing R3’s Marco Polo trade finance blockchain on a commercial basis by the end of the year. The bank said on Friday last week that a cross-border proof-of-concept test was successfully completed involving Mitsui & Co, a Japanese […]

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R3 Doubles London Office Space for Blockchain Hiring Spree

Enterprise blockchain firm R3 is adding a second floor to its London office to accommodate a hiring spree. It’s a move that comes amidst a momentous period in the U.K., when the country appears on the verge of completing its long-in-the-making exit from the European Union. R3’s efforts to add 50 staff members to its […]

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Nasdaq Leads $20 Million Funding Round for Blockchain Startup Symbiont

Enterprise blockchain startup Symbiont has closed a $20 million Series-B funding round led by Nasdaq Ventures with participation from Galaxy Digital, Citi, Raptor Group and others. The firm, which has kept a fairly low profile the last two years as the cryptocurrency market’s gyrations overshadowed the enterprise sector, previously raised a combined $15.4 million from […]

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