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Galaxy digital & Bakkt partner up to launch new ‘white-glove’ service

Galaxy digital & Bakkt partner up to launch new ‘white-glove’ service
  • Galaxy Digital, a well-known crypto asset management company has just teamed up with the Intercontinental exchange digital asset custodian and derivatives platform, Bakkt. 
  • This new partnership has been inked in order to launch a white-glove service for institutions looking for exposure on the leading crypto coin. 

Galaxy Digital, a well-known crypto asset management company has just teamed up with the Intercontinental exchange digital asset custodian and derivatives platform, Bakkt. This new partnership has been inked in order to launch a white-glove service for institutions looking for exposure on the leading crypto coin. 

The collaboration between the two companies will see galaxy digital tradings matching engines and trading platforms offered as well as the digital asset custody and services provided by Bakkt. Tim Plakas from Galaxy digital has said that they designed the partnership in order to service the optic in demand for their two companies which have received from traditional asset managers looking to access physical bitcoin. He further added that together, the two companies will offer a safe and efficient route into physical bitcoin access.

Speaking in an interview with Bloomberg, the custody head at the Intercontinental exchange, John Conneely has said that the partnership was established as a response to the strong demand from many institutions all over the world when it comes to the exposure of crypto assets.

Tim further went on to say:

“Asset managers and hedge funds considering this service can be assured by the high standards we hold as a publicly-traded company with audited, public financial statements and an institutional-sized balance sheet.”

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