CLS helps clients navigate the changing FX marketplace – reducing risk and creating efficiencies.

A decentralized version of the web powered by the blockchain

Web3 Ecosystem

Obscuro Labs is the developer of The Encrypted Network (TEN), an Ethereum layer-2 (L2) rollup network focused on encryption. TEN leverages secure enclaves technology to enable developers to choose which parts of their smart contracts they want to be private and which parts to be public. This approach allows TEN to run the EVM in an encrypted space, offering smart contracts, decentralization, scalability, and encryption.&nbsp;TEN generates confidential roll-ups, aiming to provide efficiency similar to Optimistic-based L2 networks while maintaining full encryption. The network’s key features include programmable encryption, where any Ethereum smart contract can have both public and private states as well as shared state. It also allows developers to continue using Solidity and all Ethereum tools without modifications and providing users with a straightforward three-click setup to start using dApps on TEN. In addition, it features a unique, immediate bridge that operates without delay while maintaining complete decentralization.Key customers and partnershipsNotable dApps deployed on its network include Architech, Flush, Galxe, Peerswap, Rubic, and Witnet.Funding and financialsIn March 2024, the company announced that it raised USD 9 million in <a href="https://sp-edge.com/updates/27633">funding</a> over three stages spanning two years, with the most recent tranche being completed in December 2023. It had earmarked the funds to expand its team.

TEN is a Layer 2 rollup that hyper-scales and encrypts Ethereum. TEN allows Ethereum smart contracts to contain public and private elements without changing the user or developer experience.

faCellitate develops polymeric platforms that aim at supporting cancer and stem cell research, drug discovery, toxicology, and tissue engineering. The platform facilitates cellular interaction, significantly improving cell culture in biological research.

banco offers fintech, digital banking, supply chain finance, and corporate financing services.

Aerotrax is an enterprise software company focused on digitally tracking the lifecycle of every plane, part, and component in the air and on the ground.

R3 provides enterprise technology and services for direct, digital collaboration. The company’s multi-party solutions leverage its trust technology, connected networks, and expertise in regulated markets to improve processes in banking, capital markets, global trade, and insurance. As an early adopter of both private distributed ledger technology (DLT) application platforms and confidential computing technology, R3 enables institutions to leverage direct digital collaboration fully. The company manages one of the largest DLT production ecosystems globally, connecting over 400 institutions, including global systems integrators, cloud providers, technology firms, software vendors, corporates, regulators, and financial institutions from both the public and private sectors.

R3 is a blockchain-as-a-service (BaaS) company that offers a permissioned, distributed application platform (Corda) that can be used across traditional financial services applications. The platform is able to integrate with existing enterprise solutions and offers features such as digital identity management, digital notarization, and network mapping with use cases across digital asset marketplaces, cross-border transaction solutions, tokenized loans and security solutions, and digital smart bonds.

Bringing the benefits of blockchain to the enterprise

Enterprise Blockchain Solutions

R3 is a leading provider of enterprise blockchain technology and services, focused on driving digital transformation in regulated industries such as financial services. Its flagship product, Corda, is an open-source, permissioned distributed ledger technology (DLT) platform built from the ground up to meet the stringent requirements of regulated markets.

Providing AI-driven market intelligence and workflow automation to give firms an edge

Capital Markets Tech

R3 Picked for European DLT Pilot Regime

Obscuro Labs

Republic Crypto

KuCoin

Jets Capital

Magnus Capital

Big Brain Holdings

DWF Labs

Also known as layer-2 solutions, this includes providers of scaling solutions, such as sidechains, state channels, and rollups, which improve the speed and throughput of transactions occurring in layer-1 blockchain networks.

Fujitsu

Fujitsu completed a partnership with R3, which included trials integrating "ConnectionChain" to realize a system that can securely connect multiple blockchains and facilitate transactions between different economic areas.

Companies and protocols that offer industry and context specific blockchain-based solutions for enterprise applications

faCellitate

HTGF | High-Tech Gruenderfonds

SARSTEDT

ROI land investment

Chemovator

Arve Capital

banco

SBI Group

Savills

Sumitomo Mitsui Banking Corporation

Aerotrax

Bloccelerate VC

BlockScience

Contour

SEB Venture Capital

Bain & Company

ING Group

HSBC Bank

Standard Chartered Bank

Bangkok Bank

CTBC Bank

CryptoBLK

BNP Paribas

To provide R3’s enterprise blockchain to its clients and for Corda Enterprise to be available on IBM LinuxONE across the hybrid cloud and on-premises, especially in the area of digital asset custody.

HCLTech

HCL Technologies, in collaboration with R3, launches BUILDINGBLOCK, a blockchain insurance platform for multinational companies

Accenture

To build a prototype for a real-time gross settlement system using distributed ledger technology and enhance the efficiency, security, and reliability of payments between banks and customers

Accenture collaborate with R3’s Corda platform for real-time gross settlement system

Tata Consultancy Services

Tata Consultancy Services (TCS) launches a next-generation blockchain-based multi-brand customer loyalty platform using R3’s Corda.

Infosys

Finacle Trade Connect – a blockchain based trade finance application, available on R3’s Corda platform.

Mastercard

Mastercard is partnering with R3 to develop blockchain-powered cross-border payments. The new system will connect global payment infrastructures, banks and schemes through a clearing and settlement network run by Mastercard.

Cryptocurrencies

Companies and protocols that offer infrastructure solutions for businesses to accept cryptocurrency payments for goods and services

To develop a blockchain-enabled cross-border payments solution

KPMG

Microsoft, a company synonymous with software, and also more recently, profoundly connected to providing enterprise blockchain solutions, will assist KPMG alongside well-known enterprise blockchain company R3 with its Corda Blockchain.

Microsoft

Partnering with Microsoft and other software firms to develop a blockchain for telecom settlements

Wipro

To develop a blockchain-based solution prototype on R3's Corda platform, enabling digital currency for interbank settlements and enhancing efficiency in interbank real-time gross settlement (RTGS) systems as part of Thailand's Project Inthanon.

Companies providing infrastructure solutions for central banks to develop and issue their own digital reserve currencies

The companies to collaborate on blockchain solutions

Azure

To further accelerate adoption of R3's Corda platform amongst businesses using Microsoft Azure.

Intel

To further strengthen data privacy and security for Corda.This unique feature of Corda emerged from the requirements of financial institutions which need to ensure the confidentiality of trades and agreements while also capturing the benefits of a shared distributed ledger infrastructure.

R3 is a blockchain-as-a-service (BaaS) company that offers a permissioned, distributed application platform (Corda) that can be used across traditional financial services applications. The platform is able to integrate with existing enterprise solutions and offers features such as digital identity management, digital notarization, and network mapping with use cases across digital asset marketplaces, cross-border transaction solutions, tokenized loans and security solutions, and digital smart bonds.R3 offers digital applications to corporations to improve traceability, digitize assets, and improve how payments are made. Companies also have access to various business networks and existing payment systems on Corda. Additionally, corporates are able to build their own solutions on the platform, with support from R3 in terms of the development and management of corporate applications.Key customers and partnershipsR3 was initially formed by a consortium of nine banks, which increased to over 60 partners in the first year since inception. As a result, the company is able to collaborate and work together with financial services companies to support the adoption of Corda across the ecosystem. Some key partners that have worked with R3 on potential use cases include HSBC, Nasdaq, MUFG, and Vodafone.Additionally, the company offers multiple partnership programs for startups and disruptors that seek to use the Corda network, including the Partner Program and the R3 Development Fund.In December 2023, the company <a href="https://sp-edge.com/updates/24919">partnered with RYVYL </a>, a blockchain-based payments infrastructure platform, to develop and launch a novel BaaS solution, RYVYL Block. This joint solution offers relevant tools and building blocks required for businesses to develop secure distributed ledger infrastructure and integrate blockchain technology into existing business frameworks, specifically in areas such as banking and high-volume data processing.

BlockCypher is an enterprise company specializing in blockchain technology. The company’s cloud-based platform helps enterprises build blockchain applications with web APIs and callbacks. BlockCypher's APIs enable users to interact with multiple blockchains and retrieve data from blocks, receive notifications about unconfirmed transactions, and request multiple signature transactions​.In terms of product offerings, BlockCypher's primary service is its cloud-based platform. The platform's design is blockchain-universal, enabling its compatibility with any blockchain. This versatility permits BlockCypher to support numerous enterprise scenarios, including supply chain oversight, financial transactions, and record maintenance.Key customers and partnershipsBlockCypher and the National Renewable Energy Laboratory (NREL) partnered in June 2018 to showcase secure peer-to-peer energy transactions using the blockchain, forming the foundation for a distributed energy marketplace. This collaboration opens up new value streams for customers and utilities by reducing the need for a central arbitrator.

BlockCypher

Bloq's products are designed to accelerate blockchain development and deployment, catering to individual developers, startups, and enterprises. Focusing on enterprises, the company’s solutions are offered through the Bloq platform, which includes tools for exchanges, wallets, data and analytics, and custody providers.The company provides managed blockchain cloud services that consist of three primary services: Connect, Nodes, and Stake. Connect is a blockchain API service that accelerates the development of real-time connectivity to popular blockchain networks and access to additional blockchain data services. Nodes offers private, fully managed clusters of nodes to access popular public blockchain networks. Stake provides infrastructure and API endpoints to allow users to create validators and start staking, with support for Ethereum and Avalanche networks​​.Key customers and partnershipsThe company's timeline of innovation includes major milestones such as delivering Fidelity’s first bitcoin wallet in 2016, launching BloqLabs in 2017, and working with Citibank on a Universal Node for digital assets in 2018. In recent years, Bloq has launched BloqCloud, a managed node and API service. It also partnered with Lumerin project to tokenize hashpower and founded Atmos Labs to develop metaverse-native sports​​.Bloq’s key enterprise customers include Discover, Citigroup, Foxconn, Barclays, Fidelity, and Circle.

Bloq

Dragonchain offers a blockchain-based, language-agnostic enterprise solutions that includes a Learning Management System. Some of the solutions include 1) Lyceum, which provides traceable proof-of-course progress, completion, scoring, continuing education units, and certification, along with a GDPR- and CCPA-capable identity management platform; 2) Factor, which enables secure PII storage and streamlined authentication; and 3) A FinTech suite that supports regulatory compliance. Dragonchain’s products are quantum-safe and the proof of every transaction is secured to bitcoin, Ethereum, and other blockchain networks.In January 2020, Dragonchain was able to execute over 260 million transactions on a business system in just 24 hours. The test was run on 520 active nodes with a utilization rate of below 2%; it was estimated that at full capacity, the platform could execute approximately 13 billion transactions.The company’s solutions can be used across a range of industries, including healthcare, FinTech, government, and supply chain management. Most use cases focus on using the platform for information gathering and management, with a priority on accurate and real-time information availability.Key customers and partnershipsThe company has worked with a range of customers including Snohomish County in the US, Beaxy, Knowledge Perk, and SafePass.

Dragonchain

BlockApps is a leading provider of blockchain solutions that helps businesses enhance transparency and trust in their transactions. BlockApps' key product, STRATO, is a BaaS platform compatible with Ethereum, which is designed for business network transactions and activities, adhering to the standards of the Enterprise Ethereum Alliance (EEA). It can be deployed on multiple cloud providers, integrated with various systems, and is configurable for a range of business activities. It is primarily used for building business networks with a focus on enhancing security, performance, trust, and transparency. STRATO's capabilities include tokenizing real-world assets, incorporating transparency data, and creating value chain incentives. It offers a suite of features including data privacy controls, network governance, scalability, APIs for third-party integration, audit and reporting tools, data migration facilities, identity management using existing enterprise sign-on systems, consensus mechanisms, developer tools, application portability, and the ability to use existing enterprise data models.Key customers and partnershipsIn 2016, BlockApps collaborated with ConsenSys and BHP Billiton to deploy its first production application. In the same year, it built enterprise Proof of Concepts (POCs) with John Hancock and Upgraded (now Ticketmaster).BlockApps announced an initiative with ARC, United Airlines, and Blockskye in 2018 and also launched the STRATO platform on all major cloud providers by partnering with Google and Amazon Web Services.In September 2021, it launched TraceCarbon, a CO2 ecosystem management application, supporting sustainability traceability.Funding and financialsIn April 2022, BlockApps raised USD 41 million in funding through a round led by Liberty City Ventures. The company intended to use the funding to enhance its go-to-market strategy, expand its team, help businesses expand in its blockchain ecosystem, and bring more real assets to the STRATO platform.

BlockApps

Cryptowerk is an enterprise blockchain company that offers blockchain-as-a-service, allowing organizations to create a tamper-proof chain of custody for their digital assets and enabling them to prove authenticity at scale​​. Cryptowerk's solutions are used in multiple industries, including aerospace and defense, automotive, pharmaceuticals, software, and utilities​​.The company's primary product is Cryptowerk HORIZON. This software creates tamper-proof records of digital assets that can be sealed in public or private blockchains up to one million times per second. These digital "fingerprints" can then be compared to the original data to verify authenticity. Cryptowerk HORIZON is offered as a REST API. The product is available for cloud-based deployment and supports various organizations including midsize businesses, small businesses, enterprises, freelancers, nonprofits, and government entities​​.

Cryptowerk

Companies that offer blockchain-based solutions that enable users and companies to track price, date, location, quality, and other relevant information for supply chain management

Companies and protocols that leverage blockchain technology to act as content delivery networks (CDNs) or provide content sharing solutions

Companies that leverage blockchain technology to offer databases, query services and data sharing

Companies that offer blockchain-enabled Internet-of-Things (IoT) development platforms for building networks and transferring IoT device data

Companies that leverage blockchain to protect and manage digital intellectual property (IP) rights

Companies that leverage blockchain technology to provide cybersecurity and identity management solutions for enterprises

The blockchain-as-a-service segment operates under a B2B SaaS model

Companies offering blockchain-enabled tools to build IoT networks/supply chain traceability solutions for smart factories

Includes companies that offer blockchain-enabled tools to build IoT networks and transfer IoT device data

All companies within this industry are either blockchain-based platforms or offer blockchain-centric services

R3 is a leading provider of enterprise blockchain technology and services, focused on driving digital transformation in regulated industries such as financial services. Its flagship product, Corda, is an open-source, permissioned distributed ledger technology (DLT) platform built from the ground up to meet the stringent requirements of regulated markets.Corda facilitates secure and confidential peer-to-peer transactions, enabling the tokenization of assets and the automation of workflows across different organizations. It is designed to be scalable, handling tens of thousands of transactions daily, and interoperable with other DLT platforms like Ethereum, bridging the gap between traditional finance and decentralized finance (DeFi).Key applications of Corda encompass digital bonds, tokenized assets (e.g., gold), central bank digital currencies (CBDCs), trade finance, payments, settlements, and reconciliations. As of 2023, Corda powered platforms like the SIX Swiss Exchange's digital asset exchange SDX, Spunta Banca (an interbank reconciliation system used by over 90% of Italian banks), and Wells Fargo's digital cash program for interbank transfers.The company unveiled R3 Digital Markets in January 2024, a product suite leveraging its Corda distributed ledger technology (DLT) for capital markets. The offering integrates features like digital currency, digital assets, and interoperability, building on R3's existing capabilities, including its CBDC solutions and the IVNO bank coin acquired in 2021.Key customers and partnershipsR3 boasts an extensive ecosystem comprising leading financial institutions, technology firms, regulators, and global systems integrators (GSIs) like Accenture, Deloitte, and IBM. Notable clients include HSBC, Wells Fargo, Bank of America, Euroclear, Nasdaq, Allianz, Chubb, and the Italian Banking Association.R3 actively collaborates with industry bodies like ISDA, Hyperledger Foundation, and GBBC, driving DLT standards. It has partnered with central banks worldwide, including the Monetary Authority of Singapore, and Central Bank of the United Arab Emirates (UAE), to explore CBDCs and cross-border settlements using Corda.

Finpilot is an AI-powered platform that helps financial analysts streamline their research and analysis workflows. The company's technology extracts knowledge from unstructured financial data sources including SEC documents, call transcripts, research reports, and private financial documents. The platform features a web-based AI chat tool that enables analysts to search and query information across multiple sources through a conversational interface. Unlike generic AI models, Finpilot provides source-linked answers with references to primary materials, allowing users to verify the accuracy of information whether in charts or text format. As of February 2024, the platform was available in public beta with plans for a self-serve business model for individual analysts and an enterprise version. The platform also includes task agents designed to automate complex workflows such as report generation, company comparisons, trend analysis, and extraction of segment data from charts and text. Finpilot was spun out of Euclidean Technologies, an investment firm focused on quantitative analysis.

Finpilot

Rogo offers GenAI solutions for financial institutions with tools specifically designed to meet the unique needs of global hedge funds, investment banks, private equity firms, and institutional investors. The company utilizes proprietary financial AI, combining large language models (LLMs) and expertise on financial services, which can adapt to understand the language and data specific to an organization. It can help teams with tasks like accelerating research, making data-driven decisions, and producing finance-related materials.The platform extracts data from internal sources like company presentations, memos, models, databases, data rooms, and meeting notes, combined with a library of 100+ million various external sources, including filings, investor calls, and transcripts of over 70,000 companies globally, along with real-time market data, news and media sources, web searches, and other third-party data.

Rogo

Portrait Analytics is a Boston-based startup developing a GenAI platform for investment research and thesis creation. Founded in 2022 by David Plon, a former principal analyst at Baupost Group, and Connell Gough, a full-stack developer, the company aims to revolutionize the way investment analysts conduct research and generate investment ideas. Portrait's platform leverages advanced AI models to accelerate the speed of research by answering complex questions and producing insights for users. The technology extracts and synthesizes key information from company filings, documents, and other sources to provide factual, auditable responses to user queries.The company's first product is a Q&amp;A-based application that incorporates GenAI search and summarization capabilities. It is designed to function as a "junior analyst," capable of performing tasks such as finding investment ideas, building financial models, and creating pitch decks. Portrait's platform includes an idea generation tool that helps analysts sift through thousands of companies to identify potential investment opportunities. It also provides comprehensive research summaries to quickly familiarize analysts with specific companies or sectors. As of July 2023, the platform was in private beta testing with select asset managers, with plans to expand access to more analysts in the coming months.

Portrait Analytics

Helix by HL is a generative AI assistant for private market investing, launched in June 2023 as a joint venture between TIFIN and Hamilton Lane. The platform leverages Hamilton Lane's proprietary database, which contains data on more than USD 16.7 trillion in private market commitments across 51 vintage years as of September 2023. The AI assistant simplifies alternative investing by providing data-centric information around private markets benchmarking, forecasting, and due diligence. The platform is specifically designed to help wealth advisors and private wealth professionals navigate the complexities of private market investments. Helix integrates with wealth platforms and digital marketplaces to enable advisors and investors seeking private market allocations. The technology combines TIFIN's AI expertise with Hamilton Lane's market analysis and research to educate private wealth investors and their intermediaries about asset classes and market trends.
Key customers and partnerships
The platform partners with wealth managers and private wealth professionals who allocate investments to private markets. FINTOP Capital partnered with Helix to help banks enhance their wealth management offerings by democratizing access to alternative assets.

Helix

Wokelo AI operates a secure GenAI platform geared toward accelerating business research. It provides customized, in-depth analyses for market intelligence and investment research, distinguishing itself through the creation of human-like syntheses at scale.The company's platform serves as a research assistant and co-authoring tool, capable of generating high-fidelity, factually bounded reports and presentations. It offers information on various business aspects, like mergers and acquisitions, partnerships, product strategy, and user reviews, among others​. It is also capable of generating various business documents, including sector briefings, company due diligence, financial analysis, earnings transcripts and annual reports analysis, investment memos, and market maps​.Wokelo AI utilizes a proprietary cognitive engine that curates a range of data, including analyst reports, internal data, podcasts, product reviews, call transcripts, articles, and news, along with 500+ pre-integrated datasets. It also utilized GPT models by OpenAI and open-source models like LLaMA as of November 2023.Key customers and partnershipsThe primary clientele of Wokelo comprises professionals from private equity firms, investment banks, corporate strategy departments, and venture capital firms. Some of its disclosed customers as of May 2024 included Guggenheim, Sage, Tata, Deloitte, Gratia, and Seven Seven Six.

Wokelo AI

Platforms that help financial market participants collect, manage, and use traditional and alternative data, derive market insights from news, and provide trade signals to make informed decisions.

Platforms that help institutions such as asset managers, investment banks, and hedge funds to develop platforms to trade and operate brokerage services for various financial assets and instruments such as stocks, fixed income securities, derivatives, commodities, and foreign currencies.

Companies that use blockchain technology to share and synchronize data and improve efficiency across the trading workflow and post-trade actions such as clearing and settlement.

Platforms that help companies meet anti-money laundering requirements and provide identity verification tools such as KYC checks.

These platforms provide services such as risk detection, regulatory compliance, risk management, risk intelligence, collateral management, internal processes management, and strengthening of internal controls.

Companies that use GenAI as a core part of their product offering for capital markets

Uses AI/ML to process market data and information to derive valuable and timely insights

Uses blockchain to automate certain workflows between institutions and capital market participants

Uses GenAI to automate analysis, optimize portfolios, predict market trends, and enhance risk management

PROMINENT_CATEGORY

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 Blockchain-as-a-service (BaaS) provider R3 is collaborating with blockchain-based payments platform RYVYL to create a new BaaS solution, RYVYL Block. This solution will allow businesses to incorporate blockchain technology in their existing frameworks, notably in banking and high-volume data processing sectors. RYVYL Block will provide necessary tools and components such as application programming interfaces (APIs) to establish secure distributed ledger infrastructure.
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R3

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