R3, Once Banking’s Blockchain Bet, Is Spinning Up a DeFi Token — CoinDesk

“Our team is working on a proof of concept project for a private, permission-less DeFi network, with a corresponding token,” R3 representative Nick Murray-Leslie said via email. (“Private” and “permission-less” sounds confusing, but refers to R3′s work with Intel SGX to create a closed setting for transactions while holding onto the open nature of DeFi.) “Our goal is to design, test and have it shovel ready from a technological standpoint for next year.”