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 and the deal will be concluded in February.
This acquisition underlines the fact we’re not standing still as we await regulatory approval by the CFTC for the launch of regulated trading in our crypto markets. Our mission requires significant investment in technology to establish an innovative platform, as well as financial market expertise to deliver the most trusted fintech ecosystem for digital assets.
Bakkt CEO 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, CEO convinced, will ultimately contribute to the mass adoption of digital assets, which will eventually become mainstream.