Galaxy Digital and Bakkt unveil joint trading and custody service for institutional investors

NEW YORK, June 10, 2020 /PRNewswire/ -- Galaxy Digital, the diversified financial services and investment management company providing quality digital asset exposure for institutional and accredited investors, and Bakkt®, the digital asset derivatives trading and custody platform majority-owned by Intercontinental Exchange ("ICE"), today announced their partnership to launch a collaborative white-glove service for asset managers looking to acquire, build positions in and store bitcoin ("BTC").

Galaxy Digital Trading ("GDT"), Galaxy Digital's affiliate, is providing market access and trading capabilities, while the Bakkt Warehouse, a qualified custodian of bitcoin regulated by the New York State Department of Financial Services, is safeguarding digital assets for clients. This direct connectivity between Galaxy Digital and Bakkt enables the two companies to offer clients best-in-class efficiency through the entire process of onboarding, trade execution and storage of their digital assets.