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Enterprise blockchain startup R3 has revealed its plans to open a second European office in Dublin next year.
The announcement follows the firm’s recent efforts to double the size of its London Wall office to make room for its growing engineering team.
According to a press release, the Dublin office will serve as R3’s tech hubs and will be primarily staffed by engineering specialists who will work closely with the existing engineering team in London.
R3 said that the launch of the Dublin office will support its “aggressive hiring plan” which aims to expand its global headcount by around one quarter by the end of 2019. The company is seeking to fill a number of new positions, including software engineers, along with commercial and client-facing roles around the world.
Commenting on the new office, David E. Rutter, CEO of R3, said that Dublin was chosen because of “the deep pool of existing blockchain and technical skills in the city, as well as its close connections to our existing hub in London.”
“We’re looking forward to building our new home here and engaging with the local tech community over the years to come,” he added.
The company further said that its blockchain platform Corda and Corda Enterprise are currently being used by more than 300 of the world’s largest financial services firms, technology companies, central banks, regulators and trade associations to build their applications.
“Enterprise blockchain is reaching a tipping point,” Rutter said. “We’re proud to host one of the most active and diverse ecosystems of blockchain applications on our Corda platform, but to make sure that we keep up with the demand from developers and end users, significant investments into our personnel are essential.”
Last month, reports suggested that R3 was considering launching its initial public offering (IPO). The company was reportedly negotiating an IPO with advisers, with potential buyers already expressing their interest in the sale.
