India’s Reliance Industries Acquires Stake In Oil Industry-Backed...
26 Dec 2018 4:50 AM GMT
Indian conglomerate holding company Reliance Industries has acquired 5.56% equity stake in blockchain startup Vakt for $5 million. Reliance Industries is one of the most profitable companies in...
- Indian conglomerate holding company Reliance Industries has acquired 5.56% equity stake in blockchain startup Vakt for $5 million.
- Launched as an independent firm in December 2017, Vakt is a blockchain-based post-trade processing platform.
- The strategic investment is Reliance’s first investment in blockchain startup.
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