Intercontinental Exchange (ICE)-lead institutional cryptocurrency trading platform Bakkt has аcquired a crypto custodian service, the firm announced on April 29.
While DACC’s native support of 13 blockchains and 100+ assets is designed to “serve as an important accelerator,” the entire DACC team will also be joining Bakkt, as former Coinbase exec and new Bakkt COO Adam White wrote in the blog post on Monday.
Specifically, Bakkt said that the company is planning to launch physically-delivered bitcoin (BTC) futures, with contracts set to be traded on ICE Futures US (IFUS) and cleared on ICE Clear US (ICUS), a federally regulated exchange and clearinghouse regulated by the United States Commodity Futures Trading Commission (CFTC). From the ground up what ICE has been building for two years is the safest version of a custody solution for digital assets.”
ICE, the operator of 23 major global exchanges, including the New York Stock Exchange, had announced it will launch the Microsoft cloud-powered “open and regulated, global ecosystem for digital assets” Bakkt in August 2018.
Originally set to be launched in January 2019, Bakkt subsequently delayed the launch due to the ongoing consultations with the U.S. CFTC. In early February, ICE CEO Jeff Sprecher declared that he expects Bakkt to launch later in 2019.