Share this article
ABN Amro Joins R3 Blockchain Consortium
ABN Amro has become the latest financial institution to join the R3 blockchain consortium.
By Stan Higgins
Updated Sep 11, 2021, 12:35 p.m. Published Nov 3, 2016, 11:35 a.m.
ABN Amro has become the latest financial institution to join the R3 blockchain consortium.
The Dutch bank is an investor in blockchain startup Digital Asset Holdings and is working with local academics on applications of the technology. The bank has also been doing internal work of its own, leading to speculation earlier this fall that it was developing a bitcoin wallet.
STORY CONTINUES BELOW
As an R3 member, the bank said that it expected to build on its past efforts. Arjan van Os, chief of ABN AMRO’s Innovation Centre, said in a statement:
“This is exactly the right time for us to step in. We already spend a lot of time developing and testing new technologies, on our own and together with other parties.
In May, ABN Amro director of transaction banking Karin Kersten explained that the bank was very much in a test-and-see stage when it comes to blockchain, but that it was investing resources across its various business lines. ABN Amro’s entry into R3 is perhaps a reflection of that continued process.
"We are doing experiments and seeing if they work. We are learning by doing, and working on different levels. There’s not just one team working on the blockchain," Kersten told CoinDesk.
More than 60 companies worldwide have joined the R3 consortium to date. Last month, Russia payments firm QIWI became a member.
Image Credit: JPstock / Shutterstock.com
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
ZKsync Lite to Shut Down in 2026 as Matter Labs Moves On
The company framed the move, happening in early 2026, as a planned sunset.
Ano ang dapat malaman:
- Matter Labs plans to deprecate ZKsync Lite, the first iteration of its Ethereum layer-2 network, the team said in a post on X over the weekend.
- The company framed the move, happening in early 2026, as a planned sunset for an early proof-of-concept that helped validate their zero-knowledge rollup design choices before newer systems went live.
Top Stories
