R3 Dual Milestone: Launching DLT Suite and Appointing New CCO

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).</p><p>This launch
and appointment signals R3's commitment to enhancing the role of DLT in
regulated markets.</p><p>R3 Launches New DLT
Product Suite</p><p>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.</p><p>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.</p><p>"We're
designing long-term solutions for a seamlessly connected financial world,"
David E. Rutter, <a href="https://www.financemagnates.com/tag/r3/" target="_blank" rel="follow">the CEO of R3</a>, commented. "Corda built the foundation for
this, as the only production-ready enterprise DLT solution built for regulated
markets."</p><blockquote><p lang="en" dir="ltr">R3 is pleased to announce the appointment of Kate Karimson as Chief Commercial Officer and the launch of R3 <a href="https://twitter.com/hashtag/DigitalMarkets?src=hash&amp;ref_src=twsrc%5Etfw">#DigitalMarkets</a>, our new <a href="https://twitter.com/hashtag/DLT?src=hash&amp;ref_src=twsrc%5Etfw">#DLT</a> product suite powered by <a href="https://twitter.com/hashtag/Corda?src=hash&amp;ref_src=twsrc%5Etfw">#Corda</a>.Read the press release: <a href="https://t.co/t9ymnzJXzY">https://t.co/t9ymnzJXzY</a> Discover R3 Digital Markets: <a href="https://t.co/7JVSG8jQC0">https://t.co/7JVSG8jQC0</a> <a href="https://t.co/nqOXRtTTao">pic.twitter.com/nqOXRtTTao</a></p>— R3 (@inside_r3) <a href="https://twitter.com/inside_r3/status/1750104930982269177?ref_src=twsrc%5Etfw">January 24, 2024</a></blockquote><p>The
product suite includes several key components:</p><ul><li>R3
Digital Currency:
This feature handles the entire lifecycle of digital currencies, including
Central Bank Digital Currencies.</li><li>R3
Digital Assets: It
allows for comprehensive management of the issuance, trading, and custody of
digital and new assets.</li><li>R3
Digital Connect: It
facilitates the integration of existing systems with all DLT networks.</li><li>R3
Digital Lab: A
cloud-based collaborative platform that provides support and education for
businesses embarking on DLT projects.</li></ul><p>Appointment of the Chief
Commercial Officer</p><p>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.</p><p>"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.</p><p>Last year,
the New York-based blockchain firm R3 <a href="https://www.financemagnates.com/forex/news-nuggets-17-april-virtu-integrates-appital-r3-in-qatar/" target="_blank" rel="follow">signed a Memorandum of Understanding</a> with
the Qatar Financial Centre Authority to accelerate the development of the
country's financial technology industry.</p>

This article was written by Damian Chmiel at www.financemagnates.com.

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