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.

Contour is building the world’s open trade finance network.

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 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.

R3 Blockchain Finds a Foothold Beyond Banks

R3 Continuum

Shaping the Future of Digital Finance & Collaboration

Leader in the Digitization of Financial Services

R3 Culture and Careers

Leader Insights | R3’s Chief Economist on DLT for Financial Services

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

Capital Markets Tech

<div>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.&nbsp;</div>

Bringing the benefits of blockchain to the enterprise

Enterprise Blockchain Solutions

R3 responds to July 2024 insolvency statistics

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.

HCL Technologies

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 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 powers 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.
Key customers and partnerships
R3 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, Reserve Bank of Australia, and Bank Negara Malaysia, to explore CBDCs and cross-border settlements using Corda.

TransFICC is a London-based fintech company that provides eTrading technology and connectivity solutions for fixed income and derivatives markets.
TransFICC's core offering is its "One API" platform, which aims to resolve the issue of fragmentation in fixed income markets by providing banks and asset managers with a low-latency, scalable API. The platform enables connectivity to multiple electronic trading venues while supporting a variety of workflows across fixed income products.
TransFICC's services include automated trading workflows, IRS eTrading, and a consolidated tape pilot. The company has developed expertise in providing modern interface technology, resiliency, and business continuity planning to meet the requirements for a consolidated tape provider (CTP) in the fixed income space.
Key customers and partnerships
TransFICC has been running a bond consolidated tape pilot over the past year, hosted in AWS and utilizing production infrastructure and APIs. Multiple market participants, including banks, venues, and asset managers, have tested contributing data and consuming data output via API as part of this pilot.
The company has partnerships with various global banks, such as Citi and HSBC, which have provided feedback on TransFICC's technology and services.

TransFICC

Nitrogen (formerly known as Riskalyze) is a software-as-a-service (SaaS) company that provides a growth platform for wealth management firms. The platform helps advisors acquire new clients, increase client satisfaction, and retain existing clients. At its core, Nitrogen offers the Risk Number, a quantitative measure of an investor's risk tolerance based on a Nobel Prize-winning academic framework. This data enables advisors to align client portfolios with their risk profiles effectively.
Since its inception in 2011, Nitrogen has invested over USD 50 million in research and development, delivering more than 5 million Risk Numbers to clients. The platform integrates seamlessly with advisors' existing technology stack, including marketing tools, client relationship management (CRM) systems, and asset platforms. It offers lead generation capabilities, customizable marketing resources, proposal generation, light planning support, client engagement features, compliance tools, and risk analysis.
Nitrogen's business model revolves around advisors paying a subscription fee to access the platform's features. As of 2020, advisory firms leveraging Nitrogen experienced organic growth rates of 15% to 45%, significantly higher than the industry average of 3%. The company does not disclose specific revenue figures.

Nitrogen

Clear Markets is a leading company that specializes in developing and operating electronic marketplaces and trading technologies for complex fixed income and credit derivatives products. The company leverages its extensive expertise in building electronic trading systems to facilitate the transition from traditional voice-based trading to electronic platforms. Clear Markets' solutions cater to the needs of major financial institutions across global financial hubs, including Tokyo, London, New York, and Charlotte, North Carolina. The company's management team comprises respected pioneers in the development of the interest rate swap market, bringing a profound understanding of the legal and regulatory landscape governing swaps trading.

Clear Markets

Exabel is a data and analytics platform that enables investment professionals to integrate alternative data and advanced data science tools into their investment strategies. The company offers a software-as-a-service (SaaS) platform that allows discretionary managers to complement their fundamental analysis with more data-driven techniques.
Exabel's platform provides features such as hypothesis analysis, predictive modeling, and backtesting, empowering investors to uncover alpha-generating insights from alternative data sources. The platform seamlessly integrates over 50 pre-mapped alternative datasets with fundamental key performance indicators from providers like FactSet and Visible Alpha. It also offers unparalleled flexibility in mapping, forecast composition, and the ability to onboard proprietary data, delivering insights beyond simple backtests.
As of March 2023, a study found that 63% of portfolio managers and investment analysts rated their organization's use of alternative data as 'good', indicating the growing adoption of such data in investment strategies.
Key customers and partnerships
Exabel has established partnerships with several notable alternative data providers to enhance its offerings and reach a broader audience of financial buyers.
In May 2022, Exabel collaborated with People Data Labs, a leading provider of B2B and professional data, to deliver the People Data Labs Insights Platform. This platform provides hedge funds and asset managers with curated insights based on People Data Labs' extensive B2B dataset, leveraging Exabel's analytics capabilities.
Similarly, in June 2022, Exabel partnered with Datayes, an alternative data company offering China-focused datasets. The Datayes Insights Platform utilizes Exabel's platform to provide insights based on Datayes' recruitment data and other China-focused datasets.
Exabel has also joined forces with Eagle Alpha, a prominent player in the alternative data ecosystem, to address the end-to-end challenges of evaluating alternative data. By combining Exabel's analysis platform with Eagle Alpha's expertise, investment teams can efficiently evaluate and integrate alternative data into their investment processes.

Exabel

Earnest Analytics (formerly known as Earnest Research) is a data analytics firm that provides real-time insights and actionable data to institutional investors, companies, consultants, and government agencies. Their structured datasets offer clear signals and tools for in-depth analysis of consumer spending, retail pricing, consumer packaged goods (CPG), foot traffic, and healthcare claims data. Earnest utilizes machine learning algorithms along with expert analysts to deliver accurate investment signals, macroeconomic trends, consumer behavior analyses, and healthcare data.
Initially focused on providing revenue forecasts for public companies using credit card data, Earnest has expanded its offerings to include scanner data, web pricing data, and healthcare data. In November 2022, the company launched its proprietary web platform, Dash, enabling users to track insights across companies, subscribe to earnings surprise alerts, analyze trends, and segment data across various parameters.
Earnest Analytics generates revenue by providing structured data products and analytical tools to its clients through platforms like Snowflake, BigQuery, and S3. As of August 2023, the company increased the panel size of its Orion transaction dataset by 4x, representing credit, debit, and ACH spending data from a more geographically representative sample of US shoppers, with historical data dating back to 2016. In August 2023, Earnest also released its machine learning-based "Reported Metric Predictions by Earnest AI" solution, providing earnings predictions for 450 publicly traded US companies.
Key customers and partnerships
Earnest Analytics was named Snowflake's Retail and Consumer Goods Marketplace Partner of the Year in 2023, recognized for enabling joint customers to understand the consumer economy with real-time data listed on Snowflake Marketplace. The company's clients include leading hedge funds, asset managers, Fortune 500 companies, and industry experts from various sectors such as financial services, consumer goods, and healthcare. Notable clients highlighted in the sources include Rabobank, Hungryroot, and Emory University's Dan McCarthy, who have leveraged Earnest's data for competitive benchmarking, customer behavior analysis, and revenue forecasting.

Earnest Analytics

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.

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

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

<div>
 
 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.&nbsp;
 
 
 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 partnerships
 
 
 R3 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.&nbsp;
 
 
 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.
 
 
 
</div>

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

<div>
 
 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 partnerships
 
 
 In 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).&nbsp;
 
 
 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.&nbsp;
 
 
 In September 2021, it launched TraceCarbon, a CO2 ecosystem management application, supporting sustainability traceability.
 
 
 Funding and financials
 
 
 In 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.&nbsp;
 
 
 
</div>

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

PROMINENT_CATEGORY

<div>
 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.
</div>

R3

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