Today enterprise blockchain firm R3 shared that its internal investment fund has hit $10 million and invested in more than 20 startups since it started in 2019. It did not share which companies are in its portfolio.
While others such as Digitial Asset ($120 million) and ConsenSys ($65 million) are announcing big funding rounds, R3 is sitting on a significant amount of cash due to its settlement of a dispute with Ripple.
According to Ripple’s SEC litigation documents, an un-named enterprise (R3) exercised options that would have yielded between $240 million and $470 million, depending on the date.
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