Latin American bank Itaú joins R3 blockchain consortium

Announcements | April 27, 2016 By:

Itaú Unibanco has announced a partnership agreement with private blockchain consortium R3.

Itaú is the first company in Latin America to join the R3 consortium, which consists of more than 40 of the largest financial institutions in the world for developing state of the art commercial applications for the market.

“We are convinced that these innovations will bring benefits to our customers and real gains in efficiency for the sector as a whole,” said Itaú general director for technology and operations Márcio Schettini.

Itaú Unibanco is the largest private sector bank in Latin America based in São Paulo, Brazil.