US trading platform Bakkt to acquire stake in Indian brokerage Transchem, offer access to global securities

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Digital asset trading platform Bakkt, backed by the likes of rel=”dofollow” href=”https://economictimes.indiatimes.com/citadel-realty-developers-ltd/stocks/companyid-13188.cms” target=”_blank”>Citadel and Vanguard, is acquiring a stake in rel=”dofollow” href=”https://economictimes.indiatimes.com/transchem-ltd/stocks/companyid-10874.cms” target=”_blank”>Transchem, a listed Indian brokerage, as part of its wider strategy to build a presence in the Indian market.

The company is initially investing about $10 million, with the total deal size pegged at around $40 million.

Bakkt —launched by NYSE parent Intercontinental Exchange (ICE) in 2018 as a digital asset trading platform — is looking to offer regulated access to offshore and tokenised investment products for Indian users.

This could include…



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US trading platform Bakkt to acquire stake in Indian brokerage Transchem, offer access to global securities



Digital asset trading platform Bakkt, backed by the likes of rel=”dofollow” href=”https://economictimes.indiatimes.com/citadel-realty-developers-ltd/stocks/companyid-13188.cms” target=”_blank”>Citadel and Vanguard, is acquiring a stake in rel=”dofollow” href=”https://economictimes.indiatimes.com/transchem-ltd/stocks/companyid-10874.cms” target=”_blank”>Transchem, a listed Indian brokerage, as part of its wider strategy to build a presence in the Indian market.

The company is initially investing about $10 million, with the total deal size pegged at around $40 million.

Bakkt —launched by NYSE parent Intercontinental Exchange (ICE) in 2018 as a digital asset trading platform — is looking to offer regulated access to offshore and tokenised investment products for Indian users.

This could include…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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