in Cryptocurrency

Oil Giant Saudi Aramco Buys Into Blockchain Trading Platform Vakt

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Saudi Arabia’s state oil company, Saudi Aramco (SE:), has bought into the blockchain-based oil trading company Vakt, Reuters reports on Jan. 28.

Saudi Aramco’s Energy Ventures branch has bought $5 million in new shares, according to Vakt’s press release. The investment will be used to develop the platform, with a focus on expansion into the Asian market.

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Source: Cryptocurrency - investing.com

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