Bakkt raised $300m in Series B funding round.

Bakkt, a crypto derivatives provider, raised $300m in a Series B funding round. The companies backing the round include Intercontinental Exchange, Microsoft’s M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, and Pantera Capital. "I’m excited at our potential to unlock nearly $1tn of digital assets when the Bakkt app launches this summer. With the completion of our Series B financing and recent acquisition of Bridge2 Solutions, Bakkt is now a team of 350 employees and powers the loyalty redemption programs for 7 of the top 10 financial institutions and over 4.5k loyalty and incentive programs including two of the largest US airlines. We have the unique opportunity to leverage the technology, infrastructure and partners across our businesses to bring innovative new products to market and in doing so expand access to the global economy," Mike Blandina, Bakkt CEO.