Monday, January 14, 2019

Bakkt acquired assets of the broker Rosenthal Collins Group













The cryptocurrency platform Bakkt has acquired part of the assets of the futures broker Rosenthal Collins Group (RCG).




Bakkt noted that in December RCG announced the sale of all user accounts to the largest stock exchange broker Marex Spectron. As part of this process, the upcoming crypto platform decided to “acquire some valuable assets.” Bakkt is confident that these assets will help the development of the company, and the staff of RCG will strengthen the team of the new platform.


“We expect the deal to end in February”, - said Bakkt CEO Kelly Leffler.


Also, the head of Bakkt is confident that the new acquisition will improve risk management, financial management and compliance of the platform’s activities with regulatory requirements, as well as increase the efficiency of AML / KYC procedures.


All this, I am convinced Leffler, will ultimately contribute to the mass adoption of digital assets, which will eventually become mainstream.


"This acquisition confirms the fact that we are not sitting with folded arms waiting for approval from the CFTC- she added. - Distributed registry technology can form the basis of a compact and modern platform compatible with the existing trade infrastructure. ”


ForkLog previously reported that the Bakkt platform, which is still awaiting permission from the CFTC, has raised $ 182.5 million in investment.


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