Cryptocurrency platform Bakkt acquired part of the assets of a futures broker Rosenthal Collins Group (RCG).

We’re pleased to share that we have entered into an agreement to acquire certain assets of Rosenthal Collins Group (RCG), an independent futures commission merchant https://t.co/5sgdbRO6Ql

— Bakkt (@Bakkt) 14 January 2019 R.

In Bakkt noted that in December, RCG has announced the sale of all user accounts the largest commodities broker Marex Spectron. In this process, the upcoming launch of cryptopleura decided “to acquire some valuable assets.” In Bakkt sure that these assets osposobljaet development of the company, and employees of RCG will strengthen the team of the new platform.

“We expect that the transaction will be completed in February”, — said CEO Bakkt Kelly Leffler.

Also the head Bakkt sure that the new acquisition will improve risk management, financial management and compliance platforms to regulatory requirements and increase the efficiency of procedures AML/KYC.

All of this, Leffler believes, ultimately will contribute to the mass adoption of digital assets that will eventually become mainstream.

“This acquisition confirms the fact that we are not sitting idly by waiting for approval from the CFTC, she added. — Technology of the distributed registry may be the basis of compact and modern platform that is compatible with the existing trading infrastructure.”

ForkLog previously reported that are still pending approvals from the CFTC platform Bakkt raised $182,5 million investment.

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