Reliance Industries Acquires Startup Vakt

Reliance Industries Acquires Startup Vakt

Reliance Industries, a Indian conglomerate holding company has acquired 5.56% equity stake in blockchain startup Vakt for $5 million. Vakt is a blockchain-based post-trade processing platform. The platform is backed by energy majors BP, Shell and Statoil; trading houses and banks ABN Amro, ING and Societe Generale.

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