The head of Bakkt, the platform for institutional clients, Kelly Loeffler: "race day" is nearing, the platform is waiting only for approval of an application from the Commodity Futures Trading Commission (CFTC).
Initially, it was expected that the Bakkt platform would be launched at the beginning of this year, but the start was postponed due to the lack of approval by the company from US regulators. However, the company's management still believes in the launch of the platform already this year.
"As we work through regulatory approvals, we are mindful that the infrastructure we are building has the potential to create more opportunities for digital assets to grow in relevance and trust — by being more secure, investible and useful.
As a former marathoner, this point in time recalls the stage in the training regimen when you're putting in long runs with your training team. Race day is approaching, and there is more work to be done. I'm proud to be going the distance with this growing team and of the culture we are building, while bringing digital assets into the mainstream economy,"said Kelly Loeffler.
PayPal, Google veteran Mike Blandina joins Bakkt as Chief Product Officer https://t.co/XocdST4kCg— Bakkt (@Bakkt) April 11, 2019
In addition, the head of Bakkt reported that former PayPal and Google employee Mike Blandina joined the team. He will take the position of Bakkt Director for Investment Products.
Note that a platform for institutional investors often opens vacancies. At the beginning of the year, Bakkt was looking for 8 employees at once, and three of them were supposed to take the position of top managers.