Crypto-focused digital ecosystem Bakkt has acquired Digital Asset Custody Company (DACC), a cryptocurrency custodian that develops various blockchains and operates cutting-edge consensus mechanisms.
Moreover, Bakkt described the way how the architecture of its crypto wallets works: the majority of assets are stored offline in air-gapped cold wallets that are insured with a $100,000,000 policy underwritten by leading global insurance carriers.
In addition to that, Bakkt claims it uses FIPS 140–2 level 3 or higher hardware security modules (HSM) to manage and secure its warm wallet cryptographic keys.
All cryptographic systems are secured in bank-grade vaults and datacenters that are protected with 24/7 physical security, highlights the announcement.
Earlier, Bakkt acquired certain assets of Rosenthal Collins Group (RCG), which is an independent managed futures broker providing an array of automated trading programs for investors with nearly 100 years of earning clients’ trust.
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