Category: R3

R3’s public Corda Network gets its first token ‘XDC’ for DeFi and CBDC projects

R3’s public Corda Network gets its first token ‘XDC’ for DeFi and CBDC projects

Cordite Society, a co-operative society registered in the U.K., has launched “XDC” — the first token built on R3’s public Corda Network. XDC is designed to meet requirements of decentralized finance (DeFi) projects, as well as stablecoins and central bank digital currencies (CBDCs), Cordite Society said in a release shared with The Block on Tuesday. […]

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Around 100 Italian banks are now part of a permissioned blockhain network developed by R3

Around 100 Italian banks are now part of a permissioned blockhain network developed by R3

A cohort of 42 Italian banks has signed up to use a private blockchain network known as Spunta, bringing the total number now using the payment infrastructure to around 100. Spunta, which is based on R3’s permissioned blockchain platform, Corda, is an interbank reconciliation system. The network verifies the matching of correspondent accounts, which banks […]

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