Kelly Loeffler, the CEO of Bakkt, a crypto-focused digital ecosystem, has announced that the company will start testing physically-settled bitcoin futures in July this year.
In conjunction with our exchange and clearing partners at ICE, we’ll be working with our customers over the next several weeks to prepare for user acceptance testing (UAT) for futures and custody, which we expect to start in July, notes the official announcement that was published on Medium.
Loeffler also highlights that Bakkt will contribute $35 million into the clearinghouse risk waterfall.
"This [the investment] puts our own “skin in the game” and aligns our interests for market integrity and safety with market participants," she added.
Previously in January, Bakkt acquired certain assets of Rosenthal Collins Group (RCG). Rosenthal Collins Group 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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