Share this article
Tech Firm Inks Deal to Build on R3's Distributed Ledger Tech
Financial technology firm Calypso has inked a deal with blockchain consortium R3 to develop applications for its Corda platform.
By Stan Higgins
Updated Sep 11, 2021, 12:38 p.m. Published Nov 29, 2016, 2:31 p.m.
Financial technology firm Calypso has inked a deal with blockchain consortium R3 to develop applications for its Corda platform.
Calypso, founded in the 1990s, develops software for capital markets. It is working with R3 to build a trade confirmation app to function on top of Corda, a distributed ledger platform for managing financial contracts. Corda, formally unveiled in April, is expected to be released open-source later this week.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
In statements, the firms suggested that the trade confirmation app would be the first of a number of products developed by Calypso for the Corda platform.
“Our current matching solution is only the beginning,” Calypso CEO Pascal Xatart said of the deal.
The news comes as R3 moves to close a multi-party funding deal with members of the blockchain consortium. Though some member banks, including Goldman Sachs and Banco Santander, have moved to exit the initiative, many members are reportedly backing the funding effort.
Image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Long-Term Holders Hit Cyclical Low as Sell Pressure Finally Eases
Long-term holder supply bottomed when bitcoin sank to $80K, signaling that the wave of spot-driven selling may be nearing exhaustion as prices rebound to $90K.
What to know:
- Long-term holder supply fell to 14.33M BTC in November, its lowest level since March, coinciding with bitcoin’s $80K correction low.
- The rebound to $90K suggests the bulk of spot-driven selling from seasoned holders has passed after a 36% peak-to-trough decline.
- Unlike prior cycles, LTH behavior in 2025 shows more measured distribution rather than blow-off-top capitulation, signaling a shift in market structure.
Top Stories
