Banks reportedly seek to invest $59m in blockchain startup R3

Banks involved in the blockchain consortium R3 CEV have expressed interest in investing $59m in the company’s first funding round, less than half its overall target, a person close to the deal said on Friday. R3, a New York-based startup, is seeking to raise $150m from its members and strategic investors to fund its activities focused on developing blockchain-based technology for the financial services sector. Read more: