R3, a prominent enterprise blockchain services provider known for its Corda blockchain, is currently exploring strategic options as it faces challenges within the blockchain industry. The company has reportedly been considering various opportunities for at least six months, including potential joint ventures or even selling itself or a minority stake. Discussions are ongoing with several notable parties, such as Ava Labs, the Solana Foundation, and Adhara. Corda is recognized for its use among major financial institutions, including the Swiss digital stock exchange SDX and SBI Holdings, and has been involved in significant research partnerships with organizations like the Bank of International Settlements and SWIFT. Established in 2014 with backing from major banks, R3 has seen fluctuations in membership and staff size, recently reducing its workforce by 20% amid evolving trends in the blockchain space. The company raised $122 million in 2018 from institutions such as Barclays and Wells Fargo.

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