BTC
$106,337.94
-
1.24%
ETH
$2,647.07
-
0.30%
USDT
$0.9999
-
0.01%
XRP
$2.2774
+
0.47%
BNB
$680.41
-
1.57%
SOL
$167.46
-
2.48%
USDC
$0.9998
+
0.01%
DOGE
$0.2180
-
1.06%
ADA
$0.7303
-
1.81%
TRX
$0.2757
+
0.62%
SUI
$3.5810
+
0.04%
HYPE
$31.88
-
6.29%
LINK
$15.22
-
2.28%
AVAX
$22.70
-
2.55%
XLM
$0.2809
-
0.86%
TON
$3.3838
+
3.22%
LEO
$9.0750
-
0.07%
SHIB
$0.0₄1411
-
0.71%
BCH
$410.41
-
0.37%
HBAR
$0.1814
-
1.49%
Logo
  • News
  • Prices
  • Data
  • Indices
  • Research
  • Events
  • Sponsored
  • Sign In
  • Sign Up
Markets
Share this article
X iconX (Twitter)LinkedInFacebookEmail

Austrian Bank Raiffeisen Enlists in R3 Blockchain Consortium

Raiffeisen Bank International (RBI) has become the first Austrian banking group to join the R3 distributed ledger consortium.

By Sujha Sundararajan
Updated Sep 13, 2021, 7:11 a.m. Published Nov 23, 2017, 10:00 a.m.
Raiffeisen Bank headquarters, Vienna, Austria
Raiffeisen Bank headquarters, Vienna, Austria

Raiffeisen Bank International (RBI) has become the first Austrian banking group to join the R3 distributed ledger (DLT) consortium.

The bank, which operates a banking network in central and eastern Europe, confirmed its participation in the enterprise-focused DLT project this week, indicating its desire to "exchange and collaborate with peers" and develop the security and usability of RBI's own blockchain initiatives.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

Michael Hoellerer, plenipotentiary of RBI, said in a statement:

"The usage of technology platforms such as 'Corda' allows us to gain extensive know-how in the underlying infrastructure of future commercial blockchain applications."

R3's network consists of over 160 international members from across a number of industries, including banks, financial institutions, technology companies, trade associations and others.

The group revealed more than $100 million in new funding in May this year, followed by the launch of the beta version of its Corda software platform in June.

Just last week, R3 revealed it is to more deeply integrate Corda with Microsoft's Azure cloud service with the aim of simplifying the development and deployment process for businesses, and easing commercial deployment of R3's CorDapp applications.

RBI image via Shutterstock

AustriaBankingNewsR3Consortia
Sujha Sundararajan

Picture of CoinDesk author Sujha Sundararajan
Latest Crypto News
Article image

Bitcoin Whales Seem to Be Calling a Top as BTC Price Consolidates

6 hours ago

Bitcoin (BTC) price on May 19 (CoinDesk)

Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside

7 hours ago

Breaking News

Breaking New test

10 hours ago

FastNews (CoinDesk)

Fast News test

10 hours ago

Article image

Ethereum Surges 4% on Massive Volume as Institutional Interest Grows.

May 27, 2025

Article image

test research article

May 22, 2025

Top Stories
President Donald Trump (TheDigitalArtist/Pixabay)

Bitcoin Poised to Top Record as Trump Inauguration Nears, Major Coins Due for 10% Swings: Traders

Jan 16, 2025

SHIB-USD 1-month chart shows 24.57% gain ending at $0.00004146 on May 15

Shiba Inu (SHIB) Price Drops 7% in 24 Hours but Remains Up 25% Over the Past Month

May 15, 2025

(CJ/Unsplash)

XRP Futures Start Trading on CME

May 19, 2025

Tax sign (The New York Public Library/Unsplash)

Crypto Capital Gains and Tax Rates 2022

Nov 14, 2022

Swap

Atomic Swaps: What Are They & How Do They Work?

Jan 11, 2024

Bitcoin (BTC) price on May 19 (CoinDesk)

Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside

7 hours ago

Only 1 article remaining this month.

Sign up for free

About

  • About Us
  • Masthead
  • Careers
  • CoinDesk News
  • Crypto API Documentation

Contact

  • Contact Us
  • Accessibility
  • Advertise
  • Sitemap
  • System Status
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
EthicsPrivacyTerms of UseCookie SettingsDo Not Sell My Info

© 2025 CoinDesk, Inc.
X icon
Sign Up
  • News
    Back to menu
    News
    • Markets
    • Finance
    • Tech
    • Policy
    • Focus
  • Prices
    Back to menu
    Prices
    • Data
      Back to menu
      Data
      • Trade Data
      • Derivatives
      • Order Book Data
      • On-Chain Data
      • API
      • Research & Insights
      • Data Catalogue
      • AI & Machine Learning
    • Indices
      Back to menu
      Indices
      • Multi-Asset Indices
      • Reference Rates
      • Strategies and Services
      • API
      • Insights & Announcements
      • Documentation & Governance
    • Research
      Back to menu
      Research
      • Events
        Back to menu
        Events
        • Consensus Hong Kong
        • Consensus 2026
        • CoinDesk: Policy & Regulation
      • Sponsored
        Back to menu
        Sponsored
        • Thought Leadership
        • Press Releases
        • CoinW
        • MEXC
        • Phemex
        • Advertise
      • Videos
        Back to menu
        Videos
        • CoinDesk Daily
        • Shorts
        • Editor's Picks
      • Podcasts
        Back to menu
        Podcasts
        • CoinDesk Podcast Network
        • Markets Daily
        • Gen C
        • Unchained with Laura Shin
        • The Mining Pod
      • Newsletters
        Back to menu
        Newsletters
        • The Node
        • Crypto Daybook Americas
        • State of Crypto
        • Crypto Long & Short
        • Crypto for Advisors
      • Webinars & Events
        Back to menu
        Webinars & Events
        • Consensus 2025
        • Policy & Regulation Conference
      Select Language
      English enEspañol esFilipino filFrançais frItaliano itPortuguês pt-brРусский ruУкраїнська uk