CLS Invests in R3 to Promote Blockchain for FX

CLS will join the R3 board and will help push the release of blockchain applications for currency markets.

hands blockchain partnership agreement
Getty Images

CLS—which counts 70 of the largest financial institutions as members along with 24,000 third-party clients—will be joining R3’s board and have a role in the company’s business strategy, a much larger role than it had as a member of the consortium since last year.

Reports have placed the investment at $5 million; a source close to the deal says those figures are largely correct.

Both firms will work on deploying distributed-ledger technology to CLS’s members and the FX space, according to R3’s

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: