Advertisement
UK markets closed

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     

  • AIM

    789.87
    +6.17 (+0.79%)
     

  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    48,725.72
    -1,385.60 (-2.77%)
     

  • CMC Crypto 200

    1,261.41
    -96.60 (-7.11%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     
MONEY:

Best savings accounts that offer above inflation rates

How to earn the most interest on your savings

Saudi Aramco joins oil blockchain platform Vakt

Reuters - UK Focus
·1-min read

LONDON, Jan 28 (Reuters) -

* Saudi Aramco Energy Ventures has bought into blockchain-based trading platform Vakt with $5 million in new shares, Vakt said on Tuesday.

* Aramco Trading Co, a subsidiary of Saudi Aramco, will use the platform.

* The VAKT platform specialises in post-trade processing. It has been live since the end of 2018 with a focus on the key North Sea crude oil grades used to set benchmark dated Brent.

* The founders included majors BP, Equinor and Shell, independent traders Gunvor, Koch Supply & Trading and Mercuria as well as banks ABN Amro, ING and Societe Generale.

* Chevron, Reliance Industries and Total have also joined.

* Vakt has not disclosed the volume of trade that uses its platform. (Reporting by Julia Payne Editing by David Goodman )