R3, a blockchain startup, is considering different strategic options, including a potential sale.

The New York-based company has been in discussions with representatives from Ava Labs, the Solana Foundation, and Adhara over the past six months.

The discussions have covered various possibilities, such as forming a joint venture, selling a minority stake, or pursuing an outright sale.

The involvement of major financial institutions in these conversations highlights the increasing interest in blockchain technology and its applications in traditional finance.