R3 will assist Brazilian financial technology company Banco Maré to launch a stock exchange

According to Cointelegraph, R3, the enterprise blockchain software company, will work with Brazilian financial technology company Banco Maré to launch a stock exchange for investment technology companies. It is reported that the new platform supported by R3 technology is temporarily named BVM12, which is said to open up new sources of funding for technology start-ups and enable individual investors to receive dividends from new technology investments. Banco Maré has had initial informal consultations with the Brazilian Securities and Exchange Commission (CVM) and plans to make a formal request to the agency in August 2019.