Open, Permissioned DISTRIBUTED PLATFORM

Capitalize on the new digital economy—transact openly and securely, at scale and across networks

The leading blockchain platform powering the tokenization of traditional financial assets and currencies. The next generation of Corda delivers on R3’s promise of enabling a connected ‘network of regulated networks’.

SPEED UP AND SCALE UP

The foundation you need to move forward

Designed to work with today’s financial services industry and with existing enterprise technology, Corda is a permissioned tokenization platform that lays the foundation for seamless and secure interoperability across other open enterprise DLT networks.

Flexibility

A cloud-native architecture for configurable and scalable app deployments

Native tokenization

Define, issue, burn, split, merge, and change ownership of tokens across parties

Recognized vendor

In L1 blockchain platforms, tokenization and smart contract categories in 2023 Gartner Blockchain Hype Cycle Report

Modular APIs

Build distributed applications with business workflow logic baked in

Peer to Peer communications

Standard HTTPS web protocols for exchanging data

Native smart contracts

Model digital assets on ledger, eliminate data reconciliation and automate business processes

Automated workflows

Business logic is automated, ensuring multi-party processes are orchestrated easily

App interoperability

Seamlessly exchange value with other Corda-powered apps

Horizontal scalability

Identity, network and notary features all in one ‘runtime instance’ to better manage costs

Recognized vendor

In blockchain platforms and tokenization categories in Gartner 2022 Blockchain Hype Cycle Report

Interoperability

Foundation for native interoperability between private and public blockchains

Cloud-native tech

A highly-available, configurable and scalable platform that enables remote access to applications

Network model flexibility

Start with a centralized, private network and gradually decentralize over time

High Availability

Minimize risk of downtime with highly available data storage and infrastructure

Industry standard protocols 

Secure messaging, integration, management and connectivity

SMART CONTRACTS, TOKENIZATION AND LEDGER ALL IN ONE

Who trusts Next-Gen Corda to power a new breed of financial services?

Global financial leaders rely on R3’s Corda because it is a modern cloud-based DLT platform that can scale for growth and large volumes, while offering network model flexibility. Corda uses standard sets of technologies to enable ease-of-deployment and integration with existing systems.

PRESS RELEASE

R3 doubles down on interoperability with next generation of Corda

Since 2021, Corda has facilitated our end-to-end infrastructure for digital securities. We welcome the launch of the Hyperledger Lab, Harmonia, and the interoperability between Corda and Ethereum, as it will enable us to securely expand SDX’s reach to both other regulated networks and public blockchains: a key step in building the future of financial markets infrastructure.

David Newns – Head of SIX Digital Exchange (SDX)
CASE STUDY

Fragmos Chain digitalizes interactions between OTC derivatives market participants

Corda’s private, permissioned blockchain was the optimal choice for us because it offers both the best technology and the best privacy. It also brings commercial advantages as part of a wider ecosystem of financial firms and is aligned with ISDA’s standards. Finally, our solution requires very complex smart contracts, and the fluidity offered by Corda in this area is ideal.

Daniel Ivanier – Founder and CEO-Fragmos Chain

R3 Bank Forum – The Interoperability Journey

We built HQLAX on Corda from the outset – and the new version of the platform will enable us to further future-proof our offering and provide the flexibility our customers need.

Guido Stroemer – CEO, HQLAᵡ
Want quick facts?

Discover facts about Corda

Fact sheet
Corda Fact Sheet
BLOG
Embracing a New Era of Digital Finance
Native privacy, security, scalability and ease-of-integration

The Corda difference

At R3, we recognize the journey to a new digital economy will be an evolution—not a revolution. And every Corda design choice was made with this key premise in mind.

Why choose Corda

Data privacy and security

Corda is a permissioned blockchain as it shares data only with the parties involved in the transaction. With Corda, security is never an issue. Each entity must be tied to a legal entity and granted access to join the network.

Native tokenization and interoperability

Corda has native tokenization built-in and lays the foundation for interoperability, while CorDapp users can exchange value from one Corda network to another with privacy, security and control. 

Settlement finality

The consensus model guarantees that assets have deterministic settlement finality and cannot be ‘walked back’.

Sustainability

Transactions don’t need to be sequential, ensuring the system is incredibly efficient and uses far less energy than a public Proof of Work or Proof of Stake blockchain.

Multi-tenancy

Virtual Nodes can host multiple different identities and networks. They manage and install the network and apps from a single installer to lower total cost of ownership and simplify network management.

Regulatory compliant

Today regulated institutions cannot access DeFi due to compliance and regulatory concerns. Corda capabilities are grounded in legal constructs and compatible with emerging standards and regulations such as ISO 20022 and ISDA CDM. 

What you can do with Corda

Manage the lifecycle of digital assets and digital currencies

Create, trade, track and manage the end-to-end lifecycle of digital assets, CBDCs and regulated stablecoins to open new revenue streams.

Streamline workflows

Leverage smart contracts to streamline inter-firm automation across a business network and orchestrate complex multi-party workflows with resilience. Corda supports centralized or decentralized architecture.

Modernize paper-based business processes

Open up new revenue streams, save time and resources, and reduce risks through tokenization and other forms of asset digitization.

Maintain a single source of truth

Record, manage and synchronize shared data between multiple parties across a ledger to ensure consistency and eliminate errors.

Issue bearer-based instruments

Corda enables the issuance of physical cash or digital currencies because it supports both account-based models, which verify the identity of the transacting party and token-based, which verify the validity of the object used to pay. 

Expand into new parts of the value chain

Deliver connected and transparent business networks that meet customer demands for real-time information, payments, and settlement.

An Open core platform that grows with you

Open source and open for innovation

Corda is distributed as a single open-source code base to foster developer contributions and reduce total cost of ownership. The open-source version is production-ready, includes support options and is available under an Apache 2 license. We do offer an enterprise licensed version with additional database integration features and 24/7 support for customers who require it.  

Professional Services is available to quicken your time to market.

INTEGRATE WITH ASSETS THAT ORIGINATE ON A NON-CORDA NETWORK.  

R3’s commitment to regulated network interoperability 

Blockchain is a once-in-a-generation innovation that will move industries away from siloed processes and foster inter-connected public and private networks. That’s why we’re actively engaged in proof-of-concepts that show non-traditional digital assets coming securely into and out of a regulatory-compliant Corda-based network.  

We’ve also set up a Hyperledger Lab Harmonia–a set of principles, requirements, designs and code samples to help regulated blockchain networks interoperate with industry partner Adhara.  

The power of distributed connected networks

Single identity with mutual memberships

Corda provides the ability to maintain identities across all Corda-based networks and ensures all CorDapp identities are tied to a legal entity reducing security risks.

Asset fluidity

Digital assets and currencies can move freely across network boundaries using well-defined trusted exchange protocols that meet regulatory demands for privacy and security.

Connecting regulated networks

R3 is building interoperability to ensure Corda can act as a bridge to liquidity beyond the Corda ecosystem. In the future, non-traditional digital assets will travel securely into and out of regulated Corda-based networks.

REGULATED MARKETS EXPERTISE

Discover use cases and insights by exploring the Digital Assets Hub

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