Consolidation
The launch of komgo, the trade finance for commodities platform, was a consolidation. ING’s Easy Trading Connect (ETC) is being rolled into the business. But there is even greater overlap with blockchain platform VAKT, with seven of its nine shareholders investing in komgo. A statement said that “due to a strong overlap of shareholders between komgo SA and VAKT, incorporated in 2017 to develop a blockchain based post-trade processing platform for commodities, the two companies will explore synergies between both platforms moving forward.”Article continues …
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