Bakkt and Galaxy Digital Team Up to Offer Bitcoin Purchase Service to Institutions
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June 11, 2020

Bakkt and Galaxy Digital have just created a new Bitcoin purchase and storage service for institutional investors.

Both companies said they have worked together to create a service in which they take care of the whole process, including onboarding, order execution and storage of digital assets.

Tim Plakas, head of sales at Galaxy Digital Trading, said:

"We designed this partnership to service the uptick in demand our two firms have received from traditional asset managers seeking access to physical Bitcoin."

Indeed, according to a recent survey carried out by Fidelity among 800 investors, 80% of them plan to invest in digital assets. So it is not surprising these two companies have decided to cooperate in order to take advantage of this high demand.

Galaxy Digital and Bakkt plan to offer this new service to institutions such as traditional financial asset managers and hedge funds.

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