ABOUT US

We exist to help organizations shape the future of regulated markets

R3 is leading the future of digital finance by powering multi-party solutions that deliver digital trust and unlock greater potential for regulated businesses everywhere.

founders’ vision

Trust that ‘what you see is what I see’

In 2014, David E. Rutter, Todd McDonald and Jesse Edwards founded R3 with the belief that direct, digital collaboration was the future of financial services. The ‘what you see is what I see’ foundational principle has only grown in importance with the acceleration of not just digital finance, but of everything.

From the very early days of R3 backed by over 42 of the world’s largest banks, one of our simple mantras was to build technology that allows regulated businesses to trust that ‘what you see is what I see.’

David E. RutterFounder, Chief Executive Officer

At R3, we are committed to moving financial markets forward by building trusted bridges across regulated networks, enabling minimal friction and delivering maximum safety. Because in this fast-moving market if you’re standing still, you’re actually moving backwards.

Todd McDonaldCo-Founder, Chief Strategy Officer

Less centralized, more connected

As financial services veterans, David and Todd knew first-hand that there was a lack of trust in how financial institutions collaborated and transacted with each other, and their customers. They believed that if these organizations were less centralized and more connected, financial markets—and other regulated industries—could run far more efficiently and effectively.

Passion to drive trust technology forward

The R3 team first developed Corda—a purpose-built, private DLT platform that is not only sustainable by design, but has facilitated hundreds of networks across financial services. Building on Corda’s success, we then launched Conclave, a confidential computing platform for secure, multi-party data sharing that works with or without Corda.

Our milestones

How the story unfolded

2014


Bank consortium

R3 started as a collection of nine banks committed to leveraging DLT. The bank participation quickly grew from 9 to 60.

2015


Evolved to a software firm

With the support of the banks, R3 evolved from a consortium to an enterprise software and services firm.

2016


Launched the world’s first permissioned open source DLT platform.

2017


$120+ million

Series A was led by 40 global institutions. Largest ever USD investment for DLT at the time.

2018


Launched the Enterprise Edition of Corda with mission-critical features for production.

2020


Largest permissioned DLT ecosystem

The ecosystem grew to the largest in the world with over 400+ CorDapps. 

2021


Launched a confidential computing platform for secure data sharing across parties.

2021


Acquired tokenization specialist firm to strengthen digital currency capabilities.

2022


Corda 5: The next generation of Corda in Developer Preview.

Our story today

R3 is a leading provider of enterprise technology and services that enable direct, digital collaboration in regulated industries where trust is critical. Multi-party solutions developed on our platforms harness the ‘Power of 3’–trust technology, connected networks and regulated markets expertise–to drive market innovation and improve processes across financial services.

As one of the first companies to deliver a permissioned distributed ledger technology application development platform and a confidential computing development platform, R3 empowers regulated institutions to realize the full potential of direct, digital collaboration.

Backed by the world’s leading financial institutions

Our investors

Advised by the world’s leading banks and tech firms

Our board members

Paul Melchiorre

Chairman of the Board

Operating Partner

Duncan McInnes

CIO Global Markets

Vinay Mendonca

MD & Global Head Product, Propositions & Structuring, Trade and Receivables Finance

Roel Huisman

Head of Payment & Settlement Services

Frederic Dalibard

Head of Digital for CIB & Global Blockchain Coordinator

Mamoru Fujimoto

Head of Blockchain Promotion Department Executive Officer

Inessa Even

Senior Investor Principal Technology Investments

Chris Brewster

Independent Director

Christopher Murphy

Independent Director

Eileen Voynick

Independent Director

Led by a STRONG AND diverse team

Our leadership team

Adam Furgal

Head of Professional Services and Revenue Operations

Dr. Alisa DiCaprio

Chief Economist

Amit Ghosh

Chief Information and Services Officer

Anette Somosi

Chief Legal Officer

Ashfia Tough

Head of Professional Services and Support

Cathy Minter

Chief Revenue Officer

Charley Cooper

Chief Communications Officer

Dave Hudson

Chief Engineering Officer

David E. Rutter

Founder,
Chief Executive Officer

Isabelle Corbett

Head of Government Relations

Ivar Wiersma

Head of
Conclave

Jed Telvacchia

Head of Corporate Development

John Shaw

Chief Product Officer, Head of Corda

Nick Horsley

Chief of Staff

Paul Harris

Chief Financial Officer

Ricardo Correia
Ricardo Correia

Global Head of Digital Currencies

Richard Brown

Chief Technology Officer

Sara Hale

Head of Marketing

Todd McDonald

Co-Founder,
Chief Strategy Officer

DRIVING INDUSTRY STANDARDS

Partnering with trade associations

We are actively engaged with trade associations such as ISDA, SIFMA and Association for Cooperative Operations Research and Development (ACORD). We are also a member of the Linux Foundation’s Confidential Computing Consortium to accelerate the acceptance and adoption of Confidential Computing in the marketplace.