Bakkt is a Bitcoin futures exchange and end-to-end digital assets platform founded by the Intercontinental Exchange (ICE), which is the parent company of the New York Stock Exchange (NYSE).
Bakkt describe themselves as being the first end-to-end regulated digital asset ecosystem for institutions, designed for institutional participants and as having best in class market integrity and asset security.
Apart from having the backing of a reputable and influential parent, Bakkt has partnered with many other reputable institutions, including management consulting firm Boston Consulting Group (BCG) and Microsoft as well as major investment firms including Susquehanna International and Fortress Investment Group among others.
The platform that Bakkt has built provides money managers the opportunity to create and sell innovative financial instruments such as Bitcoin mutual funds, pension funds and exchange-traded funds (ETFs).
With all the regulatory approvals now in place, Bakkt is prepared for its official (and long-awaited) launch on 23rd September.But, what’s the big deal?
Whilst there are already Bitcoin futures available on the market, Bakkt is the first end-to-end regulated ecosystem specifically designed for institutions who must abide by strict regulation. Bakkt’s platform allows institutional investors the possibility to obtain an exposure to physical Bitcoin in a compliant manner.1. Provides Institutional Investors with compliant access to Bitcoin
Bakkt is a major milestone for Bitcoin, and it is important because it offers traditional institutional investors that are restricted by what they can invest into the opportunity to finally take an exposure to physical Bitcoin in an environment that is compliant with strict regulations set by the Commodities Futures Trading Commission (CFTC) and the New York State Department of Financial Services (NYSDFS) .
This means insti...