ICE’s Bakkt Announces Acquisition of Digital Asset Custody Company

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29th April 2019 by

Intercontinental Exchange (ICE)-lead institutional cryptocurrency trading platform Bakkt has аcquired a crypto custodian service, the firm announced on April 29.

In a blog post, Bakkt announced a number of new measures in its apparent effort to stimulate regulatory feedback, including the acquisition of Digital Asset Custody Company (DACC). DACC’s team will also be joining Bakkt, and the blog post notes that “DACC’s native support of 13 blockchains and 100+ assets will serve as an important accelerator.”

The post states that Bakkt has filed with the New York Department of Financial Services for approval in order to become a “Qualified Custodian” as a trust company for digital assets.

This article will be updated.

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