R3 is leading a consortium with over 80 banks, clearinghouses, exchanges, market infrastructure providers, asset managers, central banks, conduct regulators, trade associations, professional services firms, and technology companies to develop groundbreaking commercial applications of distributed ledger technology for the financial services industry. Operating in nine countries from all regions of the world, the R3 team is made up of financial industry veterans, technologists, and new tech entrepreneurs, bringing together expertise from electronic financial markets, cryptography, and digital currencies.