13 more banks joined R3 to build blockchain to the mainstream financial sector

R3 announced that 13 more of the world’s leading banks have also joined the partnership.

“The addition of this new group of banks demonstrates widespread support for innovative distributed ledger solutions across the global financial services community, and we’re delighted to have them on board,” said David Rutter, CEO of R3.

The new banks are U.S. institutions Bank of America, Citibank, Morgan Stanley and Bank of New York Mellon. International banks joining are Mitsubishi UFJ Financial Group, Commerzbank, Deutsche Bank, HSBC, National Australia Bank, Royal Bank of Canada, SEB, Societe Generale and Toronto-Dominion Bank.

Together, they join the nine banks previously announced: Barclays, JPMorgan Chase, Goldman Sachs, Commonwealth Bank of Australia, Credit Suisse, State Street, Royal Bank of Scotland, UBS and BBVA Digital.

To accomplish their goals, R3 and its bank partners plan to establish joint working groups to leverage the R3 team and partner bank experts.

R3 is a New York City-based financial platform.