One of World's Richest Firms Joins Blockchain Trade Platform Vakt After $5M Investment
Summary
Announced in a press release Tuesday, Saudi Aramco Energy Ventures (SAEV) now joins 11 other investors in Vakt. “VAKT has demonstrated that their platform has the potential to digitize what is currently a very manual process and be truly transformative to end users and customers," said Hans Middelthon, managing director of SAEV Europe. "Leveraging blockchain theory and applying it to the complicated world of post-trade processing, VAKT has made a compelling pitch to become an integral part of market infrastructure. "[SAEV] – part of the most profitable business in the world – has a strong track record of investing in industry innovation," VAKT CFO Richard James said. " The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.