A Colombian financial regulator has become the latest member of the R3 blockchain consortium.
With the move – which focuses on developing blockchains for enterprise – the Superintendencia Financiera de Colombia (SFC) indicated it plans to stay "up-to-date on latest advances and implementations" of distributed ledger technology (DLT) in financial services sector, according to a release.
The Colombian financial superintendent, Jorge Castaño Gutierrez, said the move marks a "significant step for the entity," as blockchain technology is bringing greater innovation across financial systems.
The move marks an addition to R3's growing number regulatory members.
In recent months, the Chilean banking regulator, the SBIF, and Quebec's financial regulator, the Autorite des marches financiers, have both announced their entrance into R3's portfolio, which now comprises of more than 100 financial institutions, banks, professional services companies and technology firms.
Bogota, Colombia image via Shutterstock
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