A couple of weeks ago, a key license for Bakkt was approved by state regulators in New York, enabling it to become a limited trusted company. Bakkt – founded last year – was created in order to “build the future of digital asset infrastructure.” This will facilitate the process for customers to keep their bitcoins and make cryptocurrency purchases.
What this means in practical terms is that Bakkt will be able to store a variety of cryptocurrencies for their customers and ensure the safety of their investors’ assets. And, Bakkt will be able to set up delivered bitcoin futures contracts. According to Bakkt Operating Chief, Adam White:
“With the comprehensive regulatory review and approval of Bakkt Trust Company complete, we are pleased to serve as a qualified custodian of bitcoin for physically delivered futures.”
In other Bitcoin news, Samsung has just added Bitcoin support to its blockchain keystore.