About us

VAKT was formed in 2018 by a group of oil majors, traders, and trade finance providers. Our founding partners recognised a problem that required collective action: the physical post trade process was reliant on manual, complex, repetitive and therefore error-prone processes.

By coming together and conducting their post trade work on a blockchain-enabled platform, they saw that these problems could be solved, and that they could better protect the value of their trades.


VAKT is made up of a diverse group of individuals based largely in the UK and Portugal, but also in the USA, India, and Singapore. We operate two offices, one in London and one in Lisbon.

Our team is made up of oil industry experts, IT specialists, and commercial professionals. All pursue a singular goal: to continually develop the best product possible, and in doing so, to help our customers protect the value of the trades they manage using VAKT.

Vakt is here to transform the world of oil trading

With blockchain, we see an opportunity to improve the way trades are operated, and to boost efficiency and profitability.

By using blockchain we have created a single digital record where all of the details and stages of a trade can be agreed, recorded and seen, securely, by all partners involved in a trade. This means partners can clearly see opportunities to improve a trade in real time and mitigate potential risks.

VAKT is a web3 company: our application is decentralised, and the details of bilateral transactions are not accessible to the platform itself, only to the partners involved in a trade that are entitled to see this data by virtue of their contracts. We are working hard to bring tokenisation economics to the commodity industry.



Etienne has over 20 years experience in commodities trading. Most recently, he was Head of European Energy at Mercuria Energy Group. Before that, he was a Managing Director at J.P. Morgan and held a number of senior roles in trading, sales and principal investments over a period of 9 years at the bank.

Prior to that, Etienne was the Global Head of Commodities at Credit Agricole CIB. Etienne started his career at TOTAL as a power and oil trader.


Frances is a commodities specialist with 20 years of experience in the Energy Industry. She has experience in Finance, Corporate Social Responsibility, Business Transformation and Data Management.

Having spent six years as Head of Financial Operations at BP, her interest in blockchain technology was piqued by the increasing challenges around cyber security.  


Before joining VAKT, Bart was European Head of Oil Trading Technology for Morgan Stanley for 11½  years, followed by EMEA Head of Technology for Castleton Commodities, and most recently, Group CTO of Mercuria Energy Trading.

During his 3 year tenure at Mercuria, he was instrumental in launching transformational change into the commodities industry through a range of blockchain solutions for different commodity market sectors; including being a founding member of the consortium that gave rise to VAKT.


Richard James is a chartered accountant who trained at Price Waterhouse in Auckland, New Zealand before moving to the UK.

He spent 15 years in CFO and other senior finance roles in the junior mining in industry at companies with operations around the world including Africa, Central Asia and North America. He has managed a wide range of corporate transactions including IPOs, mergers, acquisitions and multiple fundraisings.

He joined VAKT at the beginning of 2018.
Stephanie started her career in the research department at Elf Trading in Geneva in 1994 and evolved in a marketing/trading position on the derivatives desk.

She went on to become CEO of ICE UK Ltd, providing electronic trading to the natural gas, power, metals and oil markets.

Stephanie participated actively in the take-over of the International Petroleum Exchange in London (where the main European crude oil benchmarck Brent is listed) by ICE.

She went on to a senior role at MF Global, before setting up her own consultancy, and joined VAKT in 2019.  

Where to find us

IDEA Spaces - Palácio Sotto Mayor
Av. Fontes Pereira de Melo, 16
1050-121 Lisboa, Portugal
Level 39, One Canada Square
E14 5AB London, United Kingdom


We can’t wait to show you VAKT in action.

Schedule a meeting with us and we’ll demonstrate how a VAKT integration connects you directly with your counterparts and ecosystem partners for fast, secure, sharing of accurate data.

Talk with us