Today R3
announced that ING Bank has signed a five-year deal entitling the bank to an unlimited number of licenses for Corda Enterprise, the commercial version of the Corda open source blockchain.
“Our longstanding joint journey with R3 has proven that this is the most mature enterprise DLT solution to serve the needs of the financial service industry,” said Annerie Vreugdenhil, Head of Innovation for wholesale banking at ING. “Strengthening our partnership, by signing this licencing agreement, marks a huge milestone towards empowering clients to transition to a distributed economy. We are one step closer to deploying live DLT solutions for our clients with the supported infrastructure in place.”
David E. Rutter, CEO of R3, said “ING has been an enthusiastic adopter of blockchain technology and a valued long-term partner to R3. For example, in trade finance, it was involved in the first live trade on Project
Voltron. It was also one of the participants in the first live securities lending transaction on blockchain through
HQLAx.”
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