Bakkt's Futures Are Finally Out

Bakkt, a cryptocurrency trading platform by ICE, announced today in a blogpost that the firm acquired Digital Asset Custody Company. DACC will be used for securely storing digital assets. 

Bakkt, a platform by ICE, the company behind the New York Stock Exchange, announced that they have acquired DACC. Digital Asset Custody Company, DACC, is a purpose-built cryptocurrency custodian for hedge funds, ICO issuers and other institutions.

Adam White, Chief Operating Officer at Bakkt, shared the news on Twitter:

According to the blogpost “DACC’s native support of 13 blockchains and 100+ assets will serve as an important accelerator.” Bakkt acquired the company to further bolster its custody solution.

Besides the acquisition of Digital Asset Custody Company (DACC), Bakkt announced a number of new measures in its ongoing effort to stimulate regulatory approval. Read the full blogpost here.

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