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:
Read about @Bakkt's custody solution and why we've filed to become a NY trust, plus our acquisition of DACC and how we're working closely with @BNYMellon https://t.co/ecqMXWCoXe
— Adam White (@WhiteAdamL) April 29, 2019
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.
, and brings on board DACC's “native support of 13 blockchains and 100+ assets.”){kind=link}