Bakkt, a company of the Intercontinental Exchange (parent company of NYSE – New York Stock Exchange), made a big announcement on New Year’s Eve. Bakkt CEO Kelly Loeffler said in a statement that Bakkt has completed its first round of financing with 12 partners and investors.
The financing confirms the growing interest in Bitcoin from fintech venture capitalists, leading technology companies and Wall Street institutions, as the new platform, founded by the parent company of the New York Stock Exchange, is primarily focused on providing institutional access to promote digital assets while expanding merchant and consumer usage.
The companies that have invested are considered leading players in both the financial and crypto currency sectors. These include Horizons Ventures, Galaxy Digital, Boston Consulting Group, Microsoft’s Venture Capital Arm, Pantera Capital, PayU, CMT Digital, Eagle Seven, Goldfinch Partners, Alan Howard, M12, Naspers, Protocol Ventures and Intercontinental Exchange itself collected over $ 182.5 million.
Loeffler stated in the press release:
Our work today is focused on promoting institutional access for digital assets and commercial and residential use, and we’re already building that vision, working with big companies like Starbucks.
Start date remains uncertain
In the beginning of December, the start date of Bakkt was postponed to 24 January, after the original date could not be held in December.
However, Loeffler also stated in the communication that physically delivered and stored Bitcoin will come onto the market with regulatory approval and that it will “reinforce the voice of the US authorities in the global evolution of the digital asset market”.
For the latest Bitcoin News, join our Telegram!
image by Shutterstock
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube
