Intel-Backed Blockchain Startup R3 Weighs Options Including a Sale
- New York-based R3 has spoken to firms including Ava Labs
- Blockchain adoption in finance has moved slower than expected
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R3, a blockchain company backed by investors including Bank of America Corp. and Intel Corp., is exploring strategic options including selling itself, people familiar with the matter said.
The New York-based company has held initial discussions with representatives from Ava Labs, the Solana Foundation and Adhara, said the people, who asked not to be named discussing private deliberations. The talks, which have been happening for at least six months, included options ranging from a joint venture to a minority stake sale or an outright sale.