While the launch of the Intercontinental Exchange (ICE) Bitcoin (BTC) futures platform Bakkt has been delayed, they are not standing still. In a first, Bakkt, have acquired assets in futures commission merchant Rosenthal Collins Group (RCG). Announced on Medium, by Bakkt’s CEO Kelly Loeffler, the move is significant as they are potentially looking to become the first integrated, institutional grade exchange traded markets and custody solutions platform. Bakkt will also be able to enhance its anti-money laundering (AML) and know your customer (KYC) policies;
How does this advance our work? First, it will enhance our risk management and treasury operations with systems and expertise. Other aspects of the transaction will contribute to our regulatory, AML/KYC and customer service operations as we help enable digital asset acceptance by bringing more choice and control to buyers and sellers.