Bakkt raised $ 182.5 million in investments

Bakkt raises 182,5 million dollars from Microsoft and other big-name investors

Bakkt CEO Kelly Loeffler reported that during the first round of funding, the project raised $ 182.5 for the development of a cryptocurrency platform for trading bitcoin futures.

A crypto startup owned by the world’s largest derivatives market operator Intercontinental Exchange attracted these funds from 12 large investors, including the parent company itself, Microsoft M12 venture capital fund, Boston Consulting Group, Galaxy Digital and others..

The head of Bakkt said they are actively working to achieve their goals and are focused on opportunities to provide new infrastructure, including the industry’s first regulated services for trading, clearing, custody and transfer of assets..

In addition, another delay in the launch of Bakkt was officially announced. The postponement is due to consultation with the US Commodity Futures Trading Commission, and the new date will be specified at the beginning Of 2019. Earlier we wrote about such a probability.

Bakkt raised $ 182.5 million in investments

Kelly Loeffler says there are significant risks in rushing to tackle a new asset class, and it takes time for any innovation to be adopted. Therefore, despite the impatience of the cryptocurrency owners, the platform developers want to create a secure infrastructure that not only retail but also institutional investors can trust..

Recall that Visa bought a payment network using the Ripple protocol for $ 250 million.

Bakkt raised $ 182.5 million in investments

text: Ivan Malichenko, photo: s0.rbk