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The Bakkt digital asset platform – created by the New York Stock Exchange (NYSE) – announced the completion of its first round of financing in a blog post today, December 31st.
The cryptocurrency platform focused on the institutional investor of the Intercontinental Exchange (ICE) has officially raised $ 182.5 million from 12 partners and investors, according to the post.
Partners and investors include prominent names in both traditional finance and crypto-oriented investments, including ICE, Boston Consulting Group, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Microsoft's venture capital and Pantera Capital.
Bakkt also noted in the announcement that the company is working with United States regulatory authorities – the Commodity Futures Trading Commission (CFTC) – to obtain "regulatory approval for physically and stored bitcoins", adding :
"We have filed our questions and the time for approval is now based on the regulatory review process."
Also today, ICE announced separately in a communication that the company "expects to provide an updated launch timeline at the start of 2019, for trading, clearing and warehousing the daily Bakkt Bitcoin futures contract ( USD). " At the end of November, the long-awaited digital asset platform stated that it was targeting 24 January 2019 as a launch date, pending CFTC approval.
ICE announced for the first time to create an "open and regulated global digital resources ecosystem" based on Microsoft cloud in August, as reported by Cointelegraph at the time.
Numerous experts and commentators in the crypt and blockchain industry have indicated the forthcoming launch of Bakkt as one of the main factors that will help the cryptographic markets to rebound from the current bear market.
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