R3 Seeks Strategic Opportunities Amid Blockchain Industry Challenges

Enterprise blockchain services company R3 is seeking strategic opportunities. It has been considering options for at least the past six months, according to a report. R3 is the developer of the Corda blockchain.

R3 has held “initial discussions” with Ava Labs, the Solana Foundation, and Adhara, exploring options such as forming a joint venture, selling itself, or selling a minority stake, Bloomberg reported, citing people familiar with the matter.