U.S.-based FX settlement provider CLS has made a $5 million investment in blockchain software startup R3. :
CLS, a U.S.-based forex settlement provider, has made a $5 million investment in enterprise blockchain startup R3. According to a press release, the newly inked deal will see CLS will take a place on R3's board of directors. CLS aims to work in collaboration with other members of the consortium startup to explore how it can provide "transformative blockchain-based solutions," for the forex industry, said Alan Marquard, the firms chief strategy and development officer.