What we are about to go over is massive massive news. BAKKT isn’t live just yet but that hasn’t stopped them from growing.
Let’s jump right in:
BAKKT has recently acquired Digitial Asset Custody Company or DACC for those of us who are all about abbreviations. DACC is bringing on its “native” support of 13 blockchains which comes with support for 100+ assets.
Here is the list of the 13 blockchains:
So let’s think about this. Why would the New York Stock exchange custody a coin that wasn’t going to be listed? Does that make any sense? Now I am not saying BAKKT is going to come out of the gates with guns blazing, but I do see them setting themselves up to have the onramp in place to add additional coins or assets in a timely manner. Nothing like what CoinBase did, where you had to wait 6 months for them to announce the possibility of new additions and then another 4 months for them to list it.
So now lets talks about another project: Polysign. As we don’t know too much but we do know what Polysign is: Institutional-grade custody for digital assets. Could Polysign play a role in custody for digital assets for the New York Stock Exchange as well? Something to think about.