Blockchain startup R3 expects to close $150 million in funding in Q1

According to TechTrunch, the blockchain startup R3 is in the process of raising $150 million in financing, which is not yet closed, has made good progress, and "will close early in the new year." R3, which counts more than 70 financial institutions as member banks, had to scale back its original funding target of $200 million to $150 million, even though 90 percent of its original 42-bank members had secured funding, according to a Reuters report last month. The above expressed interest in investing, but the original participants Goldman Sachs Group and Santander Bank decided to withdraw and did not participate in this round of investment. R3's current members include JP Morgan, Deutsche Bank and Thomson Reuters.