After more than a decade building infrastructure for exchanges, financial institutions and central banks, R3 saw the market starting to bend in a new direction. About a year ago, the firm initiated a strategic reset, asking a simple but fundamental question: what is the best way for customers to move assets fully onchain? Todd McDonald, R3’s co-founder, said that process coincided with a deep review of the blockchain landscape. “We spoke to essentially all the layer ones and layer twos,” he explained in ...