March 16, 2020 Cryptoasset derivatives platform, Bakkt, raises $300M in a Series B fundraising round.

Bakkt, the cryptoasset financial services company that offers futures and options contracts for Bitcoin has completed a $300M Series B fundraising round. The company in a blog post on Monday said that the raise included participation from Intercontinental Exchange, Microsoft’s M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, and Pantera Capital among others. In its post, Bakkt’s CEO, Mike Blandina stated the company plans to launch its retail-focused mobile application in the summer. Referencing its recent acquisition of Bridge2 Solutions, a loyalty solutions provider, Blandina stated that the company now has the potential to provide access to $1 trillion worth of digital assets, including cryptoassets, airline miles, and loyalty points.