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About us
We are committed to progressing and connecting financial markets
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DLT solutions live in production globally
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Banks have backed R3 since its inception
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Global awards and recognitions
Building trust, unlocking value and connecting markets
Founded in 2014, R3 quickly became a leader in developing digital solutions for businesses worldwide, notably through the many applications of its distributed ledger technology, Corda, in tokenization and financial markets operations.
Specializing in digital markets, R3’s Corda, digital assets, digital currencies and interoperability solutions enable transactions with control, security and privacy, providing asset mobility in a permissioned, trusted environment.
By continuously striving for innovative solutions, R3 continues to shape and progress digital economies.
Our mission
Enabling an open, trusted and advanced digital economy
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Financial and regulated markets experts and DLT technologists
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Dedicated software engineers building the future of finance
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Languages spoken
The story so far
2014
Bank consortium
R3 started as a collective of nine banks committed to leveraging DLT. The bank participation quickly grew from 9 to 60
Evolved to an innovative product firm
With the support of the founding banks, R3 evolved from a consortium to an innovative product firm
2015
2016
Corda
Launched the world’s first open, permissioned DLT platform
$120+ million
Series A was led by 40 global institutions. Largest ever USD investment for DLT at the time
2017
2020
Largest permissioned DLT ecosystem
The ecosystem grew to the largest in the world with over 400+ CorDapps
Invo
Acquired tokenization specialist firm to strengthen digital currency capabilities
2021
2023
Corda
Formed a dynamic working group of 100+ leading industry organizations
Industry recognition
In Gartner’s Tokenization, L1 Blockchain and Smart Contracts Hype Cycle
2024
R3 Digital Markets
R3 Digital Markets launches, powered by Corda
Abu Dhabi office opens
A leader in digital assets, digital currency and interoperability solutions
Leading the industry with over 60 clients live in production, driving the most momentum in real-world use cases.
Meet our founder
“Corda delivers a single source of truth for all parties in a transaction, with privacy as the foundation of trust — trust being the cornerstone of the financial system.”
David E. Rutter founded R3 with the belief that building trust through direct and digital collaboration was the future of financial services.
“R3 is laser-focused on progressing capital markets infrastructure. We’re designing long-term solutions for a seamlessly connected financial world.”
Our leadership team
Founder & CEO
David E. Rutter
David founded R3 in 2015 and in his role of Chief Executive Officer is responsible for the strategic direction of R3. With 40 years of experience leading some of Wall Street’s top institutions, David is a longtime creative thought leader in financial markets and innovation and has played a significant role in the adoption of electronic trading in the global OTC derivatives industry.
Chief Commercial Officer
Kate Karimson
Kate Karimson is the Chief Commercial Officer at R3, leading Product, Sales, Marketing and Commercial Strategy. A senior executive with extensive experience in financial services and technology, Kate specializes in building innovative businesses and products for financial markets. Most recently she served as Chief Commercial Officer at LedgerEdge, where she led product development, sales, and strategic initiatives. Prior to that, she held key leadership roles at CME Group, including Global Head of Repo, overseeing major platforms like BrokerTec. Earlier in her career, she held senior roles at ICAP and began as a corporate bond trader at Barclays Capital. Kate holds degrees from the London School of Economics and The Open University.
Chief Operating Officer
James Mitchell
James serves as the Chief Operating Officer at R3, where he leads global operational strategies. James’ career has been dominated by technology and financial services, including his tenure at Blue Prism. He brings a wealth of experience from both large corporations and fast-growing tech companies worldwide.
Co-Founder
Todd McDonald
Todd co-founded R3 in 2015 and was one of the first to uncover the promise of blockchain technology for the financial services industry and beyond. Todd co-founded The Global Digital Finance (GDF) to create an industry code for sustainable crypto innovation. Prior to R3, he was Managing Director at Standard Chartered Bank, holding roles like Global Head of Electronic FX Trading. He holds a BA in Economics and Political Science from Colgate University.
Chief of Staff
Nick Horsley
Nick is responsible for managing the CEO’s office, working with David Rutter to set and execute against R3’s strategy, and drive performance across the business. Before R3, Nick was COO of a health tech startup, leading operations, sales, and product, and launching to 20,000 customers across 50 countries. He previously worked in Finance and Management Consulting in London and holds an economics degree from Manchester University.
Chief Engineering Officer
Jason Byrne
Jason is the Chief Engineering Officer at R3. He leads the global engineering team that designs and builds Corda and its associated services. Jason has worked in the software industry since 2000, delivering enterprise solutions and services in some of the largest companies in the world, operating across cloud computing, telecommunications and finance.
Founding Chief Technology Officer
Richard G. Brown
Richard is the Founding Chief Technology Officer at R3 and is a leading authority on distributed ledger systems. Before joining R3, he spent nearly 15 years at IBM, serving as Executive Architect for Banking and Financial Markets innovation. Richard is a Chartered Engineer and holds an MBA from Warwick Business School and a first-class degree in Mathematics from Trinity College, Cambridge.
Building a more sustainable future
R3's commitment to social and environmental initiatives
Contributing to the greater good of society and the economy through our products, our people and our business strategy is deeply rooted in R3’s culture.
Our flagship platform, Corda, is one of the most sustainable blockchain platforms. In partnership with Ecologi, R3 has also planted 131,815 trees across 15 projects.
Led by R3’s diverse team, our corporate social responsibility initiatives have contributed over 400K USD to more than 100 charities across the globe.
