R3 is a global enterprise blockchain technology firm headquartered in New York, specializing in distributed ledger technology (DLT) solutions for regulated industries. Founded in 2014 by a consortium of major financial institutions, R3 developed Corda, an open-source blockchain platform tailored for business use, emphasizing privacy, scalability, and interoperability.
Corda enables secure, direct transactions between parties without broadcasting data to the entire network, making it particularly suitable for sectors like banking, insurance, and trade finance. The platform supports the tokenization of real-world assets (RWAs), allowing institutions to digitize and trade assets such as bonds, equities, and commodities. R3's ecosystem includes over 200 members and partners, encompassing financial institutions, technology providers, and regulators.
In addition to Corda, R3 offers R3 Digital Markets, a suite of products designed to facilitate the issuance, trading, and settlement of digital assets. This suite aims to streamline processes, reduce costs, and enhance market access for participants.
As of 2025, R3 has processed millions of transactions daily across live RWA networks, with over $10 billion in tokenized assets on its platforms. The company continues to innovate in the digital finance space, collaborating with industry leaders to shape the future of financial markets.