David E. Rutter, CEO and Founder of R3

R3’s blockchain platform- Corda Enterprise has been selected by SIX, an European Financial Market Infrastructures, with an aim to provide SIX Digital Exchange (SDX) – its digital asset listing, trading, settlement and custody service with the underlying blockchain technology.

According to the supplier, Corda Enterprise has been customized for business cases requiring an amount of security and stability and aims to provide a key element to the SDX’s fully integrated end to end trading and digital assets.

Sven Roth, a member of the management team at SDX, said “We felt Corda Enterprise was the best fit for the scale and breadth of service we envisage with SDX. We are building the future exchange for digital assets, so the ability to adapt and evolve the ecosystem over time is crucial. R3’s wide developer community, open-source codebase and experience across a range of industries make it ideal for this purpose.”

David E. Rutter, CEO and founder of R3, said: “Representing assets as tokens on a blockchain platform is one of the most impactful applications of the technology and a key focus for R3. SDX is pioneering this development and, as a blockchain platform machine-tooled for regulated, enterprise environments, Corda is the perfect partner for the project. By enabling capital market transactions on a decentralized ledger, not only can SDX reduce costs for investors, but also enable the trading of some assets for the first time.”

R3 is an enterprise blockchain software firm working with a broad ecosystem of more than 300 members and partners across multiple industries from both the private and public sectors to develop on Corda, its open-source blockchain platform, and Corda Enterprise, a commercial version of Corda for enterprise usage. R3’s global team of over 180 professionals in 13 countries is supported by over 2,000 technology, financial, and legal experts drawn from its global member base.

by Megha Bhattacharya
Market Analyst at IBS Intelligence