Bakkt, the digital asset platform created by the Intercontinental Exchange Exchange, completed the first round of financing and received investment from a well-known Hong Kong billionaire Li Ka-shing and one of the richest men in the world.
Li Ka-Shing Launches Investment Tour for Bakkt
Bakkt, a cryptographic currency platform supported by the Intercontinental Stock Exchange (ICE), completed the A Series funding round on December 31, 2018. Bakkt saw an increase of more than $ 180 million by entering the new year with an explosion.
Boston Consulting Group, the parent company of the New York Stock Exchange (NYSE), has invested in places such as Microsoft's venture capital arm M12. Naspers's fintech company managed to attract heavy technology and venture capital investors, including PayU (Bakkt's Medium post).
According to EJ Insight, one of the most important investors in Bakkt was Horizons Ventures, a Hong Kong venture capital firm founded by Li Ka-shing. According to Forbes, Ka-shing, the 23rd richest man in the world; Over the last decade, various technology initiatives have accumulated a portfolio.
However, this is Ka-shing's crypto money The first attempt is not into units. Horizons Ventures is a bitcoin payment processing software in 2013 bitpay'to and in 2016 Blockchain technology provider I Blockstrea'to invested.
investors the Bakkt They See Their Potential
Bakkt plans to launch a digital asset platform to host enterprise-grade futures contracts for bitcoins and other crypts. They seem to have a good resonance with investors. Bakkt CEO Kelly Loeffler joined Li Ka-Shing's Horizons Ventures with CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Pantera Capital and Protocol Ventures.
With the support of some of the biggest names among institutional investors, the crypto-currency market can have a much-needed definition. Corporate support can provide the stability required by the crypto market for years.
Physically delivered crypto futures transactions will separate Bakkt from competing markets and signed the competitive stock market CME and CBOE contracts. Bakkt's contracts will also be stored and deleted through ICE's US-based futures exchange and swap office.
Many small crypto traders have been awaiting the launch of Bakkt contracts on January 24, 2019, launched for November 2018. With the approval of the US Commodity Futures Trade Commission, will it find the expected value?
Source: Cryptoslate