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Kelly Loeffler: “Bakkt launch day is approaching”

Kelly-Loeffler-Bakkt-launch-day-is-approaching Kelly Loeffler | Head of Bakkt

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.

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Investors estimated Bakkt platform at $ 740 million

Investors-estimated-Bakkt-platform-at--740-million Investors estimated Bakkt platform at $ 740 million

Investors at approximately $ 740 million estimate the cryptocurrency platform Bakkt, created by the operator of the New York Stock Exchange.

During the first investment round of Series A, held in December last year, Bakkt collected $ 182.5 million to develop a platform that aims to attract institutional investors to cryptoassets. A probable valuation of $ 740 million suggests that Bakkt's owner, Intercontinental Exchange, has sold up to 25% of its shares to outside investors, including Galaxy, Pantera, Microsoft and Starbucks. Until now, the public catering giant has not made any investments in the site.

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