R3 is to double the size of its London hub to accommodate its rapidly growing engineering team.
The company also aims to increase its global headcount from its current level of 215 to nearly 300 by the end of the year.
Over half of the new hires will be in the London office, with more than 40 new recruits being made in the capital.
The firm’s new hires will consist largely of software engineers, along with commercial and client-facing roles around the world.
R3 explained the growth of the engineering team will ensure that the hundreds of businesses who build their applications on Corda can continue to deploy blockchain solutions simply and successfully.
This initiative is part of R3’s growth plans to open an additional engineering centre in a new city by early 2020.
R3 is currently evaluating the best location for the second site and will make that selection in the coming months.
David Rutter, CEO of R3, said: “There is enormous opportunity for London post-Brexit. While there clearly remain some uncertainties, we believe the city is well placed and established to thrive in the coming years. That’s why we are confident in making this substantial long-term commitment now.”
He added: “R3 is committed to ensuring the technology underpinning Corda is cutting-edge. To continue to do this, we need the very best people. It makes complete sense to look to London as we further develop the ways that blockchain can be developed and deployed. As our software gains more use cases and across more sectors, we will be looking to invest further in top talent–London and elsewhere.”
