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R3 assembles expert technology team to lead distributed ledger initiative

 Key hires coincide with the addition of five new bank members

 November 19, 2015 (New York/San Francisco/London) – Financial innovation firm R3 today announced the team tasked with managing the design and delivery of advanced distributed ledger technologies to global financial markets in partnership with its consortium of member banks.

The team brings together a unique set of expertise in electronic financial markets, distributed ledgers and blockchain technologies. They will be responsible for leading joint working groups with the 30 global banks involved in the project and facilitating a collaborative lab environment or “sandbox” to test and validate distributed ledger prototypes and protocols.

Today’s staffing announcement coincides with the addition of five more banks to R3’s distributed ledger initiative – BNP Paribas, Canadian Imperial Bank of Commerce, ING Bank, Macquarie Bank, and Wells Fargo & Co. – bringing the total number of bank members to 30.