By CCN: Bakkt – the cryptocurrency startup launched by New York Stock Exchange (NYSE) owner Intercontinental Exchange – just yanked the lid off the full range of its blockchain ambitions. The firm announced today that it has acquired Digital Asset Custody Company (DACC) as part of its efforts to gain regulatory approval for its crypto products. Reportedly, Bakkt is less concerned with merely building a Bitcoin exchange than they are with offering institutional custody and payment platform services, all of which still requires regulatory approval. Bakkt Acquires Crypto Custodian DACC The company recently announced its application for a BitLicense, and
The post NYSE-Linked Bitcoin Exchange Bakkt Just Unveiled a Major Acquisition appeared first on CCN
from CCN http://bit.ly/2PE2ljO
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