ICE’s Bakkt acquires Digital Asset Custody Company [DACC]

2019-4-29 19:28

Intercontinental Exchange’s Bakkt has been one of the most awaited launches in the cryptocurrency space, mainly because it would be offering fully regulated physically delivered Bitcoin Futures. Earlier today, Adam White, COO of Bakkt, announced that the acquisition of Digital Asset Custody Company [DACC], a purpose-built custodian that safeguards cryptocurrencies in order to provide better security to its customers, in an official blog post. Notably, Digital Asset Custody Company provides custody solutions to cover EOS, the fifth largest cryptocurrency in the world, by market cap.

The post stated that Bakkt has been working for around two years to provide custody solutions to its customers and that it would be leveraging the same operational controls, cybersecurity, and institutional-grade hardware used by ICE, in order to “manage all thirteen of its regulated exchanges” across the globe.

Additionally, Bakkt’s will make use of both hot and cold wallets in order to secure its customers’ funds, where a majority of the funds will be stored in cold wallets that are insured with $100 million policy “underwritten by leading global insurance chains.” This wallet architecture also deploys on-chain and off-chain security measures “to safeguard cryptographic keys, including the enforcement of multi-signature controls.”

Source: Bakkt

On one hand, the devices used to store cryptocurrency would be secured with “bank-grade vaults and datacenters” that would be secured 24*7. While on the other hand, the platform would be working with BNY Mellon to geographically distribute its private keys.

Adman White stated,

“It is with that same commitment to setting a new standard for securely storing digital assets that we’re excited to announce that we have acquired Digital Asset Custody Company (DACC). DACC shares our security-first mindset and brings extensive experience offering secure, scalable custody solutions to institutional clients.”

He further added,

“As we look to scale and support custody of additional digital assets, DACC’s native support of 13 blockchains and 100+ assets will serve as an important accelerator, and we’re pleased to welcome Matthew Johnson, Adam Healy, and the entire DACC team to Bakkt.”

The post ICE’s Bakkt acquires Digital Asset Custody Company [DACC] appeared first on AMBCrypto.

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bakkt company → Результатов: 86


Криптовалютная торговая платформа Bakkt приобрела компанию-кастодиана

Ожидающая одобрения на запуск от Комиссии по торговле товарными фьючерсами США (CFTC) криптовалютная торговая платформа Bakkt сообщила о том, что приобрела компанию-кастодиана Digital Asset Custody Company (DACC), а физическую безопасность приватных ключей намерена обеспечить благодаря распределенному хранению в сотрудничестве с банком BNY Mellon.

2019-4-29 21:53


Bakkt приобрела компанию-поставщика услуг по хранению криптовалют

Институциональная платформа биткоин-фьючерсов Bakkt объявила в понедельник, 29 апреля, о покупке компании Digital Asset Custody Company (DACC), а также раскрыла информацию о партнерстве с крупным американским банком BNY Mellon.

2019-4-29 19:46


Bakkt’s Risk Reward Profile Is In Stakeholders’ Favor Says Bakkt Investor in the Firm

Bakkt is one of the most awaited platforms to be launched in 2019. The digital currency market is expecting since August 2018 the release of Bakkt’s products and services. The firm behind Bakkt, the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), aims at providing transparency and security to the […]

2019-4-13 03:28


Bakkt CEO Releases Update on Crypto Trading Platform’s Progress and New Board Members

The Bakkt platform has been in the works for a while, as the Intercontinental Exchange waits for approval through the CFTC to finally get involved in physically deliverable Bitcoin futures. There has been many crypto investors that have been looking forward to this launch, but the decision remains postponed. In the meantime, the company has […]

2019-3-30 16:51


ICE’s Bakkt Crypto Trading Platform Hires Two More Experts, Erik Haas and Rachel Ford

The cryptocurrency platform Bakkt continues to hire experts before the launch of their crypto platform. According to a recent report released by The Block, the company recruited two new directors. One of them is Erik Haas, who joined from the Intercontinental Exchange (ICE) as director of compliance. The second one is Rachel Ford, who will […]

2019-2-8 21:59


Launch of Bakkt Might be Postponed due to Regulatory Delays and current US Government Shutdown

News reaching Ethereum World News indicate that the launch of Bakkt might be postponed for a second time. According to Coindesk, the parent company of both the New York Stock Exchange and Bakkt – Intercontinental Exchange (ICE) – is yet to receive the necessary approvals from the United States Commodity Futures Trading Commission (CFTC).

2018-12-23 20:39


Фото:

Ethereum Futures? Bakkt Hints It’s Open To Altcoins

Intercontinental Exchange’s delayed cryptocurrency “regulated ecosystem” Bakkt is already mulling the future addition of altcoins, the company hinted November 23. Bakkt: We’ll ‘Consider’ Non-Bitcoin Contracts In a tweet, executives said they would take into account “customer feedback” as a major motivating force when deciding which cryptocurrencies to support in addition to Bitcoin.

2018-11-26 17:00


Фото:

Bakkt Delays Platform Launch; Announces January as Tentative Roll Out Date

Bakkt, an upcoming crypto retail payment system and futures platform, is delaying its launch to better ensure the platform’s success at release. On November 20, 2018, the CEO of Bakkt released an update on Medium, outlining the future business plans for the company, describing some of the progress in implementing new features and declaring that the company’s initial launch is being postponed until January 24, 2019.

2018-11-21 02:24


Intercontinental Exchange’s Bakkt Bitcoin Futures Platform Delays Launch, Jan 24, 2019 as New Date

Bakkt, a cryptocurrency exchange created by ICE, the Intercontinental Exchange, has recently announced that it would delay its plans to launch its Bitcoin futures business. According to the update of the company, the first product of Bakkt, which would have been originally unveiled in August, will now be launched on January 24, 2019, instead of […]

2018-11-21 01:22


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