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R3 Development Fund Invests First USD 10 Million in Over 20 Start-ups
Global enterprise software firm R3 s Development Fund has reached the milestone of USD 10 million in capital deployed across over 30 investments in more than 20 of the most promising early-stage blockchain and confidential computing companies.
The Fund invests in innovative start-ups building apps on R3 s enterprise blockchain platform, Corda, and its new confidential computing platform, Conclave. The Fund launched in 2019 to support firms leveraging blockchain for global commerce and to further establish R3 s presence in financial services, trade finance, insurance and digital assets.
Key achievements of the Fund to date include: