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.
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.
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