We spoke to David Vatchev, Venture Development Lead at R3. He gave us some great insights into building blockchain startups in 2020.

As we just published our own report on DeFi, we also asked him to tell us a bit about what's happening in that sector at R3. This is what he told us:

'To continue growing, R3 believes that DeFi needs to include high-value service players, bringing robust and regulatory compliant services to augment the DeFi ecosystem. DeFi platforms can, for example, leverage banks and payment providers to expand the breadth of lending offerings through their access to liquidity and international regulatory foothold. Corda is well positioned to bring these institutions into the world of DeFi, through our enterprise-ready peer-to-peer network and well-established ecosystem. Most recently, supporting Nasdaq’s market technology arm to enable other exchanges to digitize asset marketplaces. Through our work with new and existing ecosystem partners, R3 continues to be a key player in the open finance movement, driving digital transformation in legacy operations'.