Photo courtesy of Joshua Sortino.

ADB inks MOU with R3 to explore use of distributed ledger tech

This includes a project exploring a cross-border multi-currency securities settlement system.

The Asian Development Bank (ADB) has signed a memorandum of understanding with technology provider R3 to explore the use of distributed ledger technology or DLT in ADB.

The partnership is expected to support ADB’s digital transformation efforts, including a proof-of-concept project aimed at establishing a cross-border multi-currency securities settlement system based on DLT.

The MOU will see the two collaborate on exploring the relevance of DLT for ADB’s institutional priorities and in support of its operational priorities. 

They will also  explore DLT use cases in key industry verticals such as Sustainability, Accountability and Traceability, Digital Assets, and Identity and Know Your Customer (KYC) across the region.

ADB’s potentially qualified start-ups will also be referred to R3’s Venture Development Program, aimed at accelerating and cultivating multi-party applications built on R3’s Corda and Conclave platforms, by early-stage startups to shorten their time to market.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


CIMB Niaga leads the way in captivating Indonesia’s youth
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.
BCA sets benchmark in Indonesia’s microfinance sector
Innovative approaches reflect the bank’s commitment to pushing financial inclusion and fostering economic growth.