Bakkt Finalizes Acquisition of RCG

In a tweet a few days ago the team at Bakkt announced that they had completed all the necessary proceedings for the firm’s acquisition of the Rosenthal Collins Group (RCG).

Bakkt has welcomed its new team members from RCG and looks forward to working with them in building the cryptoinfrastructure that will support its seamless global platform for the buying, selling, storage as well as spending of virtual assets.

Bakkt’s Acquisition of Rosenthal Collins Group (RCG)

CEO of Bakkt, Kelly Loeffler, informed the investor and cryptocurrency communities of the firms acquisition of RCG on the 14th of January this year.  RCG was an independent futures commission merchant with a reputation that spans almost a century.

When RCG announced in Dec. that it was selling all its customer accounts to Marex Spectron, Bakkt saw an opportunity to purchase certain valuable assets related to developing its revolutionary platform.

No Exact Date for The Launch of Bakkt?

Due to the recently paused U.S Government Shutdown, Bakkt was unable to obtain the necessary regulatory approvals from the Commodity Futures Trading Commission by the proposed launch date of January 25th. The team has therefore promised to update on the launch within the first quarter of the year.


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