Bakkt crypto platform raised $ 182.5 million in the first investment round …

Bakkt Crypto Platform Raises $ 182.5 Million In First Investment Round

Bakkt cryptocurrency platform developed by the owner of New York Stock exchanges Intercontinental Exchange, confirmed closure information his the first round of fundraising for mark $ 182.5 million with the participation of 12 partners and investors, which, like it, believe in the future of digital assets “.

The investment round was attended by Boston Consulting Group, CMT Digital, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Microsoft’s venture division, Intercontinental Exchange itself and others.

The company assured the community of Tom, that continues to work on creating an institutional-level infrastructure for trading cryptocurrencies, but did not provide further information regarding the estimated timeline for the launch of Bakkt, which, according to recent messages, again may be carried over. “We have submitted an application to the Commission on trade commodity futures USA (CFTC), and approval timeline will be depend on the regulatory review process ”, – writes CEO Bakkt Kelly Loeffler.

Outgoing year it calls “the most active per a short ten-year history cryptocurrencies“, In confirmation of their words pointing on growth in investments in distributed ledger technology and digital assets, as well as metrics blockchainnetworks, such as daytime volumes bitcointransactions and the number active addresses.

Bakkt crypto platform raised $ 182.5 million in the first investment round ...

“IN then the same time, people often forget about such achievements, paying all their attention to the price of bitcoin, which some consider it an indicator for potential of technology “, – adds Loeffler. – Quality markets, regulation, scaling, security and practice scenarios application are key to building a solid foundation and driving innovation. This is the kind of work we are going to devote ourselves to in 2019 “.