Crypto Platform Bakkt Finalizes First Acquisition
The team at Bakkt revealed via Twitter that all necessary proceedings for the company’s acquisition of the Rosenthal Collins Group (RCG) had been completed and finalized. The firm has even welcomed its new team members, as well as suggests its desire to work with them in building the infrastructure.
Welcoming New Team Members
Basically, the aforementioned infrastructure is designed to support Bakkt’s seamless global platform. The latter, on the other hand, will be about selling, buying, storing, and spending of digital currencies. According to the tweet, the firm reiterated its admiration of RCG’s culture, expertise, and heritage – qualities that could help the company in building a trusted institutional infrastructure for cryptocurrencies.
Kelly Loeffler, the CEO of the company, told investor and digital asset communities of the company’s acquisition of RCG. This, in particular, was confirmed on the 14th of January this year. RCG, on the other hand, was an independent futures commission merchant and known for being in the industry for nearly a century.
RCG announced sometime in December last year that it would sell customer accounts to Marex Spectron. For Bakkt, this was an opportunity too good to miss. As a result, the company decided to purchase some assets directly related to developing its very own revolutionary platform.
Available Positions and New Executives
Interestingly, Bakkt has reportedly welcomed at least two new executives to its team. The new Director of Compliance will be Erik Haas, who previously worked in ICE (Intercontinental Exchange) for about nine years in the regulation department. The company also hired Rachel Ford, who will be the Strategic Operations Manager. Ford previous company was none other than Techstars.
According to the official site of the firm, there are a handful of available positions. This includes Blockchain Developer, Mobile Developer, Senior Java Engineer, Director of Product Engineering, Director of Blockchain Engineering, Senior Full Stack Engineer, and Director of Security Engineering, among others.
The above-mentioned roles are said to be based out of cities of New York, San Francisco, Tel Aviv, Atlanta, Hong Kong, Tokyo, Singapore, and London. Judging from the distribution of these opened positions, it is safe to assume that the company is indeed global.
Bakkt, unfortunately, was not successful in obtaining the much-needed regulatory approvals from the CFTC or Commodity Futures Trading Commission. This was pretty much due to the recently paused U.S. Government Shutdown. The team, however, has promised to release an update on the upcoming launch within the first quarter of this year.