Bakkt Starts Hiring After Finalizing Acquisition Of RCG

In yesterday’s tweet, the Bakkt team announced that they had finished all the procedures required to acquire the Rosenthal Collins Group (RCG) company.

Bakkt greeted its new RCG team members and looks ahead to work with them to improve the infrastructure to back up its fast and efficient global platform for the purchase, sale, storage and spending of digital assets. Bakkt’s tweet is given below.

On 14 January this year, Bakkt CEO Kelly Loeffler notified the investor and crypto communities of the company’s buyout of RCG. RCG was an entirely independent futures commission merchant with a track record spanning nearly a century.

When RCG confirmed in December that it was selling all its clients’ accounts to Marex Spectron, Bakkt saw a chance to acquire some assets that can prove valuable in the creation of its path breaking platform. Bakkt has already extended its greetings to two new executives.

Erik Haas is the new Compliance Director who moved from ICE (Intercontinental Exchange), where he worked for nine years in the division that tackles regulatory issues. Bakkt has also roped in Rachel Ford as strategic manager of operations. Previously, Ms. Ford worked for Techstars.

The Bakkt website indicates an opening for the following positions.

• Director of Blockchain Engineering
• Blockhain Developer
• Director of Security Engineering
• Senior Full Stack Engineer
• Mobile Developer
• Software Development Engineer in Test
• Director of Finance
• Institutional Sales
• Senior Java Engineer
• Director Product Engineering

These roles are based in Atlanta, New York, San Francisco, London, Tel Aviv, Singapore, Hong Kong, Singapore and Tokyo. Bakkt’s plans to become a global company are clearly reflected by the vacancies.

Bakkt has been unable to acquire the necessary regulatory approvals from the CFTC Commodity Futures Trading Commission) by the proposed launch date of 24 January due to the recently paused US government shutdown. Therefore, in the first quarter of 2019, the team promised to update about the launch.