R3 Corda Partners With Kaleido After Ethereum Startup Spins Out of ConsenSys

R3 Corda Partners With Kaleido After Ethereum Startup Spins Out of ConsenSys

Kaleido CEO Steve Cerveny speaks at Consensus 2019. (Credit: CoinDesk archives)

R3, the company behind distributed ledger technology (DLT) platform Corda, is edging ever closer to Ethereum, with news of a partnership with blockchain-in-the-cloud startup Kaleido.

The announcement comes following Kaleido’s emergence as a standalone company last month. The startup revealed Tuesday it was spun out of ConsenSys, the Ethereum-based venture studio founded by Joe Lubin.

“We spun out April 1. It’s been exciting for us to take that step forward,” Sophia Lopez, Kaleido’s chief operating officer, told CoinDesk in an email. “In addition to the partnership with R3 and going live with Corda available on the Kaleido platform this afternoon, we have launched the new V2 of our platform and website.”

ConsenSys has been doing some serious belt-tightening of late, . A company spokesperson confirmed that Kaleido had been spun out.

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