Here is a huge crypto validation and an insight into where financial markets are headed. Just in case you haven’t heard, the New York Stock Exchange’s parent company (ICE, Intercontinental Exchange) has created Bakkt. What’s Bakkt? It is a cryptocurrency exchange and liquidity provider that will certainly have an impact on how institutions access digital assets. And, develop consumer uses (think Starbucks). Quoting Bakkt’s CEO Kelly Loeffler;
“Our work today is centered on driving institutional access for digital assets, along with merchant and consumer uses, and we’re already expanding on this vision, collaborating with great companies like Starbucks in these efforts.”
But, here’s the real deal; Bakkt just raised $182.5 million from a “who’s who” of investors. And, THAT comes on the heels of a spectacular down year in the crypto market. See the future and find out who those big investors are below.
(Bill Taylor/Fintek Capital)
“Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised $182.5 million from a group of high profile investors and venture capital firms.
On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, PayU, the fintech arm of Naspers, and Protocol Ventures invested in the company, sharing the firm’s vision of driving institutional access for digital assets and providing support for merchants…”