Pending bitcoin futures exchange Bakkt has acquired the Digital Asset Custody Company (DACC), secured insurance for assets it will hold in cold storage, and revealed a partnership with Bank of New York. Bakkt COO White confirms it is also seeking a qualified custodian license through the NYDFS.
| less than a minute read
Bakkt acquires crypto custodian, partners with BoNY
Get in touch
Get in touch
As previously reported, Bakkt’s original plan to custody bitcoin itself and settle contracts through its parent firm’s warehouse, ICE Clear US, may fall into a regulatory gray area. Its launch has been indefinitely delayed pending approval by the U.S. Commodity Futures Trading Commission.
Get in touch
Get in touch
