Intercontinental Exchange to acquire the Trust custody business of Bakkt.

Intercontinental Exchange, an American multinational financial services company, agreed to acquire the Trust custody business of Bakkt, a a software as a service and API platform. Financial terms were not disclosed. "The definitive agreement for the divestiture of our Bakkt Trust custody business enables us to double down on our core offerings - providing institutional-grade crypto trading, liquidity, and subject to applicable regulatory approvals, payment solutions," Bakkt.