Enterprise blockchain company R3 has announced the launch of a new suite of digital solutions aimed at helping financial firms adopt distributed ledger technology (DLT) and the appointment of Kate Karimson as Chief Commercial Officer (CCO).
This launch and appointment signals R3's commitment to enhancing the role of DLT in regulated markets.
R3 Launches New DLT Product Suite
The new product package, called R3 Digital Markets, utilizes R3's Corda platform to facilitate the integration of digital assets and digital currencies into capital markets operations. Specific solutions cover areas like digital currency management, asset tokenization, legacy system interoperability, and collaborative development environments.
According to R3, the goal of R3 Digital Markets is to lower barriers to DLT adoption in regulated industries while improving efficiency and reducing costs. The company highlighted proven deployments of its Corda technology, such as the SIX Digital Exchange, ABI Lab's Spunta DLT project, and Euroclear's Digital Financial Market Infrastructure.
"We're designing long-term solutions for a seamlessly connected financial world," David E. Rutter, the CEO of R3, commented. "Corda built the foundation for this, as the only production-ready enterprise DLT solution built for regulated markets."
R3 is pleased to announce the appointment of Kate Karimson as Chief Commercial Officer and the launch of R3 #DigitalMarkets, our new #DLT product suite powered by #Corda.Read the press release: https://t.co/t9ymnzJXzY Discover R3 Digital Markets: https://t.co/7JVSG8jQC0 pic.twitter.com/nqOXRtTTao
— R3 (@inside_r3) January 24, 2024
The product suite includes several key components:
- R3 Digital Currency: This feature handles the entire lifecycle of digital currencies, including Central Bank Digital Currencies.
- R3 Digital Assets: It allows for comprehensive management of the issuance, trading, and custody of digital and new assets.
- R3 Digital Connect: It facilitates the integration of existing systems with all DLT networks.
- R3 Digital Lab: A cloud-based collaborative platform that provides support and education for businesses embarking on DLT projects.
Appointment of the Chief Commercial Officer
In conjunction with the product launch, R3 has appointed Kate Karimson, a financial technology executive, as its new CCO. Karimson brings experience across capital markets, having previously held leadership roles at CME Group, BrokerTec, ICAP and LedgerEdge.
"R3 Digital Markets builds on the success of Corda by further removing barriers to entry for firms looking to build innovative DLT solutions, so they can prepare for the future of digital finance," Karimson commented.
Last year, the New York-based blockchain firm R3 signed a Memorandum of Understanding with the Qatar Financial Centre Authority to accelerate the development of the country's financial technology industry.
This article was written by Damian Chmiel at www.financemagnates.com.
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