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Bakkt Acquires New Crypto Custody Service DACC

Bakkt, the digital asset ecosystem backed by Intercontinental Exchanges (ICE), has just announced the acquisition of the Digital Asset Custody Company (DACC) along with several other updates to boost the company’s credentials and operations.

According to a blog post by former Coinbase exec and current Bakkt COO Adam White, DACC’s native support of over 100 digital assets and 13 distinct blockchains will “serve as an important accelerator,” for the Bakkt platform. Furthermore, Bakkt’s acquisition of the company includes hiring the entire DACC team.

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