National Australia Bank's (NAB) venture capital business, NAB Ventures has joined in an investment round raising $24 million for Veem, a foreign exchange startup business; Veem provides business to business cross border payment services with blockchain technology; NAB and NAB Ventures have been actively involved in technology investments also investing in Data Republic, Medipass Solutions and Localz; Australia is also taking a lead role in developing blockchain standards globally; it is active in the development of blockchain standards through the ISO/TC 307 and will host the first international blockchain standards meeting for ISO/TC 307. Source
