FX settlement firm CLS has invested $5 million in blockchain consortium R3.
JP Morgan has followed fellow founding member Goldman Sachs in departing the R3 blockchain initiative.
Real-time trade matching tests were completed across four time zones.
Partnership follows recent departure of several founding members.
Morgan Stanley has reportedly followed Goldman Sachs and Santander in leaving the R3 blockchain venture.
Santander joined R3 in 2015 but has now followed Goldman Sachs in leaving the venture.
R3’s blockchain initiative continues to gain momentum with the launch of an Asian DLT centre of excellence.