Bakkt Finalizes Acquisition of RCG and Continues to Rent Forward of Launch

In a tweet simply yesterday, the workforce at Bakkt introduced that they'd accomplished all the mandatory proceedings vital for the firm’s acquisition of the Rosenthal Collins Group (RCG). Bakkt has welcomed its new workforce members from RCG and appears ahead to working with them in constructing the infrastructure that can assist its seamless international platform for the shopping for, promoting, storage and spending of digital belongings. The tweet by Bakkt might be discovered under.

Bakkt’s Acquisition of Rosenthal Collins Group (RCG)

CEO of Bakkt, Kelly Loeffler, knowledgeable the investor and crypto communities of the companies acquisition of RCG on the 14th of January this 12 months.  RCG was an impartial futures fee service provider with a popularity that spans nearly a century. When RCG introduced in December that it was promoting all its buyer accounts to Marex Spectron, Bakkt noticed a possibility to buy sure useful belongings associated to creating its revolutionary platform.

New Hires and Obtainable Positions

Based on the Block, Bakkt has welcomed two new executives.

Erik Haas is the brand new Director of Compliance having made the transfer from ICE (Intercontinental Trade) the place he spent 9 years in its regulation division. Bakkt has additionally appointed Rachel Ford as its Strategic Operations Supervisor. Ms. Ford’s earlier position was at Techstars.

Additional checking the Bakkt website, we discover the next marketed open positions.

  • Director of Blockchain Engineering
  • Blockhain Developer
  • Director of Safety Engineering
  • Senior Full Stack Engineer
  • Cellular Developer
  • Software program Improvement Engineer in Check
  • Director of Finance
  • Institutional Gross sales
  • Senior Java Engineer
  • Director Product Engineering

The aforementioned roles are primarily based out of the cities of Atlanta, New York, San Francisco, London, Tel Aviv, Singapore, Hong Kong, Singapore and Tokyo. The distribution of the out there jobs exhibits that Bakkt is certainly international.

No Actual Date for The Launch of Bakkt

As a result of lately paused US Authorities Shutdown, Bakkt was unable to obtain the mandatory regulatory approvals from the CFTC (Commodity Futures Buying and selling Fee) by the proposed launch date of January 24th. The workforce has due to this fact promised to replace on the launch inside the first quarter of 2019.

What are your ideas on the progress of Bakkt regardless of not being given the regulatory green-light from the CFTC? Do you imagine its launch might be a recreation changer contemplating day by day futures contracts might be settled in BTC? Please share your ideas within the remark part under. 

[Feature image courtesy of]

Disclaimer: This text is just not meant to offer monetary recommendation. Any further opinion herein is solely the writer’s and doesn't symbolize the opinion of Ethereum World Information or any of its different writers. Please perform your personal analysis earlier than investing in any of the quite a few cryptocurrencies out there. Thanks.

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