Forex Settlement Provider CLS Invests in Blockchain Consortium R3
Cointelegraph
Published May 30, 2018 08:52PM ET
Updated May 30, 2018 10:02PM ET
Forex Settlement Provider CLS Invests in Blockchain Consortium R3
CLS, a provider of foreign exchange settlement and processing, has invested $5 mln in R3, a New-York-based blockchain consortium, Reuters reported May 30. Under the deal, CLS will have a seat on R3’s Board of Directors.
The deal reportedly comes as a part of the third tranche of R3’s fundraiser, which also included financing from Singapore real estate firm OUE and Japanese IT services provider TIS. David Rutter, R3’s chief executive officer, shared his enthusiasm about major infrastructure players’ involvement in using blockchain technology to improve their products:
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