We exist to transform financial markets to operate with greater efficiency and transparency
R3 is leading the future of digital finance by powering multi-party solutions that deliver digital trust and unlock greater potential for regulated businesses everywhere.
Trust that ‘what you see is what I see’
In 2014, David E. Rutter, Todd McDonald and Jesse Edwards founded R3 with the belief that direct, digital collaboration was the future of financial services. The ‘what you see is what I see’ foundational principle has only grown in importance with the acceleration of not just digital finance, but of everything.
From the very early days of R3 backed by over 42 of the world’s largest banks, one of our simple mantras was to build technology that allows regulated businesses to trust that ‘what you see is what I see.’
David E. Rutter—Founder, Chief Executive Officer
At R3, we are committed to moving financial markets forward by building trusted bridges across regulated networks, enabling minimal friction and delivering maximum safety. Because in this fast-moving market if you’re standing still, you’re actually moving backwards.
Todd McDonald—Co-Founder, Chief Strategy Officer
Less centralized, more connected
As financial services veterans, David and Todd knew first-hand that there was a lack of trust in how financial institutions collaborated and transacted with each other, and their customers. They believed that if these organizations were less centralized and more connected, financial markets—and other regulated industries—could run far more efficiently and effectively.
Passion to drive distributed ledger technology forward
The R3 team developed Corda—the world’s first native private, permissioned DLT platform that is not only secure and regulatory-compliant by design, but has facilitated hundreds of networks across financial services.
R3 started as a collection of nine banks committed to leveraging DLT. The bank participation quickly grew from 9 to 60.
Evolved to a software firm
With the support of the banks, R3 evolved from a consortium to an enterprise software and services firm.
Launched the world’s first permissioned open source DLT platform.
Series A was led by 40 global institutions. Largest ever USD investment for DLT at the time.
Launched the Enterprise Edition of Corda with mission-critical features for production.
Largest permissioned DLT ecosystem
The ecosystem grew to the largest in the world with over 400+ CorDapps.
Acquired tokenization specialist firm to strengthen digital currency capabilities.
The next generation of Corda launches (Corda 5).
Our story today
R3 is a leading provider of enterprise technology and services that enable the secure exchange of value in regulated industries where trust is critical. Multi-party solutions developed on our platform Corda harness the “Power of 3″—R3’s distributed trust technology, connected networks and regulated markets expertise—to drive transformation in digital finance.
As one of the first companies to deliver a private, permissioned distributed ledger technology (DLT) application platform, R3’s Corda empowers regulated institutions to realize the full potential of direct digital collaboration. We maintain one of the largest DLT ecosystems in the world connecting over 400 institutions, including global systems integrators, cloud providers, technology firms, software vendors, corporates, regulators, and financial services firms from the public and private sectors.
Backed by the world’s leading financial institutions
Advised by the world’s leading banks and tech firms
Our board members
Chairman of the Board
CIO Global Markets
MD & Global Head Product, Propositions & Structuring, Trade and Receivables Finance
Head of Payment & Settlement Services
Head of Digital for CIB & Global Blockchain Coordinator
Head of Blockchain Promotion Department Executive Officer