Blockchain group R3 changes funding plans, drops target

Everybody wants a piece of blockchain recently, though start-up R3 CEV has found the going a little bit tough of late, dropping its funding target by 25%. With Goldman Sachs and Banco Santander walking away from the deal, blockchain start-up R3 CEV has been forced to change its latest funding targets, dropping from $200m down to $150m. Added to the significant funding target cut, R3 – which runs a consortium of dozens of financial institutions – is instead offering 60% stake rather than 90% stake. Read more: