technology company . 1 2 it leads a consortium of 45 financial companies in research and development of blockchain usage in the financial system . it is headquartered in new york city . it was founded circa 2014 by david rutter . contents 1 consortium 2 history 3 references 4 external links consortium edit the consortium started on september 15 2015 with 9 financial companies 3 4 5 6 barclays bbva commonwealth bank of australia credit suisse goldman sachs j.p. morgan 7 royal bank of scotland state street and ubs . on september 29 2015 an additional 13 financial companies joined 8 bank of america bny mellon citi commerzbank deutsche bank hsbc mitsubishi ufj financial group morgan stanley national australia bank royal bank of canada skandinaviska enskilda banken 9 soci t g n rale and toronto dominion bank . financial times reporter kadhim shubber wrote that the new additions are a sign the industry is gathering behind r3 in one potential implementation of the distributed ledger technology behind the currency bitcoin . 10 on october 28 2015 an additional 3 financial companies joined 11 mizuho bank nordea and unicredit . on november 19 2015 an additional 5 financial companies joined 12 bnp paribas wells fargo ing macquarie group and the canadian imperial bank of commerce . on december 17 2015 an additional 12 financial companies joined 13 bmo financial group danske bank intesa sanpaolo natixis nomura northern trust op financial group banco santander scotiabank sumitomo mitsui banking corporation u.s. bancorp and westpac banking corporation . as of april 25 2016 three additional financial companies had joined 14 sbi holdings of japan hana financial of south korea and bank itau of brazil . as of june 23 2016 toyota financial services has joined . 15 as of august 31 metlife has joined . history edit on march 3 2016 r3 announced that it had completed a trial involving 40 banks held in the last two weeks of february testing the use of blockchain solutions offered by eris industries ibm intel and chain to facilitate the trading of debt instruments . this was a follow on to an 11 bank trial conducted earlier in january which used ethereum hosted on microsoft azure . 16 references edit stan higgins july 21 2015 . inside r3cev s plot to bring distributed ledgers to wall street . coindesk . nathaniel popper august 28 2015 . bitcoin technology piques interest on wall st. . the new york times . oscar williams grut september 15 2015 . jpmorgan barclays & others join r3 on blockchain project . business insider . jemima kelly september 15 2015 . nine of world s biggest banks join to form blockchain partnership . reuters . paul vigna september 15 2015 . bitbeat wall street city banks join blockchain focused consortium . the wall street journal . ian allison september 16 2015 . blockchain expert tim swanson talks about r3 partnership of goldman sachs jp morgan ubs barclays et al . international business times . pete rizzo september 18 2015 . jpmorgan ceo issues cautious remarks on blockchain tech . coindesk . jessie willms september 29 2015 . r3 blockchain development initiative grows to 22 banks worldwide . bitcoin magazine . pete rizzo september 30 2015 . seb blockchain could make banks radically more efficient . coindesk . kadhim shubber september 29 2015 . blockchain initiative pulls in another 13 banks . financial times . the addition of the banks which also include hsbc bny mellon deutsche bank and seven others is a sign the industry is gathering behind r3 in one potential implementation of the distributed ledger technology behind the currency bitcoin . jemima kelly october 28 2015 . three banks join r3 blockchain consortium taking total to 25 . reuters . jemima kelly november 19 2015 . r3 blockchain group adds 5 banks brings in technology heavyweights . reuters . r3 s distributed ledger initiative grows to 42 bank members and looks to extend reach to the broader financial services community pdf . r3 company . brazil s bank ita joins r3 blockchain consortium coindesk . coindesk . 2016 04 25 . retrieved 2016 05 24 . toyota financial services joins r3 distributed ledger consortium . international business times . retrieved july 12 2016 . stan higgins march 3 2016 . 40 banks trial commercial paper trading in latest r3 blockchain test . coindesk . retrieved april 6 2016 . external links edit official website retrieved from https en.wikipedia.org w index.php title r3 company & oldid 737062286 categories blockchainscompanies based in new york cityhidden categories official website different in wikidata and wikipedia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent 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