R3 unveils R3 Labs to link TradFi to DeFi on Solana
04 September US
Image: kanesuan/stock.adobe.com
R3 has introduced R3 Labs, a new department within R3 aimed at putting real-world assets (RWA) onchain.
R3 Labs is driving the institution's adoption of tokenised RWAs on Solana, initially starting with the US$17 billion currently tokenised across R3’s platforms.
The new DeFi division is broadening to include an increasing pipeline of regulated financial institutions, aiming for a wider distribution, deeper liquidity and fresh revenue prospects.
Richard G. Brown has been selected as CEO of R3, and Digby Try will be the global head of sales.
R3 Labs intends to streamline the process of issuing RWAs on public blockchains through the use of Solana.
Through the use of R3’s Corda networks, regulated firms will have access to greater liquidity and simplified processes.
David E. Rutter, founder and CEO of R3, comments: “The launch of R3 Labs is a significant milestone in our mission to reduce friction around tokenization and help bring the next trillion dollars of institutional assets onto public blockchains. With US$17 billion in RWAs already tokenised across our platforms, we’re building a unique bridge between regulated financial institutions and public blockchain networks.”
Guido Stroemer, co-founder and CEO, HQLAX adds: “Managing collateral across jurisdictions and time zones has long been a source of friction. R3’s technology has helped HQLAX redefine collateral mobility for traditional assets — reducing risk and unlocking trapped capital for our global bank clients.
"With the launch of R3 Labs, the convergence of permissioned and public networks promises to take collateral mobility to its natural next step to enable 24/7, on-demand collateral management for both traditional assets and digital assets across TradFi and DeFi players.”
R3 Labs is driving the institution's adoption of tokenised RWAs on Solana, initially starting with the US$17 billion currently tokenised across R3’s platforms.
The new DeFi division is broadening to include an increasing pipeline of regulated financial institutions, aiming for a wider distribution, deeper liquidity and fresh revenue prospects.
Richard G. Brown has been selected as CEO of R3, and Digby Try will be the global head of sales.
R3 Labs intends to streamline the process of issuing RWAs on public blockchains through the use of Solana.
Through the use of R3’s Corda networks, regulated firms will have access to greater liquidity and simplified processes.
David E. Rutter, founder and CEO of R3, comments: “The launch of R3 Labs is a significant milestone in our mission to reduce friction around tokenization and help bring the next trillion dollars of institutional assets onto public blockchains. With US$17 billion in RWAs already tokenised across our platforms, we’re building a unique bridge between regulated financial institutions and public blockchain networks.”
Guido Stroemer, co-founder and CEO, HQLAX adds: “Managing collateral across jurisdictions and time zones has long been a source of friction. R3’s technology has helped HQLAX redefine collateral mobility for traditional assets — reducing risk and unlocking trapped capital for our global bank clients.
"With the launch of R3 Labs, the convergence of permissioned and public networks promises to take collateral mobility to its natural next step to enable 24/7, on-demand collateral management for both traditional assets and digital assets across TradFi and DeFi players.”
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