Enterprise blockchain company R3 has launched R3 Labs, a new division focused on bringing institutional assets onto public blockchain, starting with the $17 billion in tokenized real world assets already deployed across its platforms.
The CEO of the new division is Richard Gendal Brown, the company’s founding chief technology officer and also current chief product officer. Brown led the development of R3’s Corda blockchain platform and played a key role in the recent technical integration with Solana announced in May.
R3 Labs aims to accelerate institutional adoption of tokenized assets on Solana by leveraging the speed and throughput of the public blockchain while maintaining the privacy and compliance features that regulated institutions require. The division targets a market for tokenized real world assets projected to reach $30 trillion by 2034.
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