David Sonnek, SEB Ventures
Nordic corporate bank SEB has taken part ownership and has become the biggest Nordic investor in newly formed blockchain company R3.
SEB has, since 2015, been a member of the Distributed Ledger Group (DLG), an international banking cooperation connected to a technical platform developed by the American blockchain company R3.
Work so far has been in the form of a fee-based collaborative consortium, but this is now being replaced by ownership in a newly formed holding company. R3 as well as over 40 investors, representing an equal geographic split across Europe, Asia-Pacific and the Americas.
David Sonnek, SEB Ventures said: "We see a clear business value in being on this platform, which has the potential to become part of a new global infrastructure. This is something that we as an individual bank cannot develop ourselves."