R3 Doubles London Office Size in Anticipation of Growing Branch

New York-based enterprise software firm R3, known for its enterprise blockchain platform Corda, has doubled the size of its London Wall office.

Business intelligence firm Mondo Visione reported on the company's new hiring goals on Aug. 1.According to the report, R3 has increased the size of its London branch as partial accommodation for the company's intended 85 global hires by the end of 2019.

Out of the 85, over half are intended to be installed in the company's London office.

R3 is reportedly primarily recruiting software engineers, but will also onboard some commercial and client-facing professionals.

The report states that the London expansion is a cornerstone of R3's rapid growth plans.

The company reportedly is seeking to add a new engineering center by early 2020, and is currently mulling over the best location for its new building.

"There is enormous opportunity for London post-Brexit.

As previously reported by Cointelegraph, R3 has moved to develop a blockchain platform in Brazil as of June.

More specifically, R3 has partnered with the banks Bradesco, Itau and B3 stock exchange to build a platform for foreign trade and insurance.

R3 executives apparently shared the news at an R3 Consortium meeting, the members of which are from large banks and tech companies.