R3 Corda
infrastructureMoney & Finance · Crypto & Digital ID
When Wall Street's big settlement players moved to blockchain-style tech, this is the private, gated system they picked.
Who they are
R3 Corda, a permissioned distributed-ledger network.
What they do
It's the back-end plumbing behind DTCC's Project Ion and several central-bank digital-currency pilots for large institutions.
How it works
Unlike open public blockchains anyone can join, Corda is built for closed institutional settlement where access is controlled.
Why it matters
It's the specific tech the top settlement firms chose for their move onto ledger technology, so it quietly sits under a lot of high-level finance.
The engine's record — word for word
Permissioned DLT network underpinning DTCC Project Ion and several wholesale-CBDC pilots. Distinct from public-blockchain architecture; designed for institutional settlement use cases. The substrate the apex settlement entities chose for their DLT migration.
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