Business & Finance

An Investment Fund, Pentera Capital Joins Others In Raising A Total Of $182.5M For Bakkt

Bakkt, a platform dedicated to aid people in storing and transacting cryptocurrencies and the digital assets over the most basic of levels seamlessly, garners a total of $182.5M as fundings poured in from various renowned funds and organizations. An investment fund designated to pour green over the projects dealing with the blockchain technology and the digital assets, Pentera Capital joins the force in helping Bakkt raise the grand total in the first round of fundings which is quite striking given the corporate organizations refuse the incorporate cryptos into the system as per it being transparent. Though the funding agencies had no part in such sort of organizations, there still are incumbent authorities prying into the business of elevating the digital assets to such status that it can be easily regulated.  BlockPublisher got to talk to a representative from Pentera Capital who turned the discourse interesting with trustful and confident words for Bakkt and its upcoming intentions.

We are very excited to part with other organizations to be a part of the first round fundings for Bakkt. We expect Bakkt to stick to the motto of delivering the public the ease of using the digital assets at every place and turn out to be the leading digital asset exchange and trusted institutional-grade custodian in the developing crypto market.

Bakkt has already left its marks over the digital world a per the project with Starbucks which for now will allow people to convert their digital currency into equivalent cash to conduct a purchase. Though the organization is working to achieve full mainstream crypto adoption, there still needs a lot of effort for that to realize.

A crypto analyst, Joseph Young appreciated the big time capital organizations like Pentera to be betting over cryptos and crypto related projects as their prediction that the cryptos will take over the fiats is eventually going to come true. Mr. Young has some kind words for such financial institutions duly jotted down below.

Bakkt raised $182 million from Microsoft’s venture capital arm, Naspers, and other big investment companies. Large financial institutions are betting big on institutional products supporting Bitcoin. Nasdaq and Fidelity invested $27.5 million in ErisX this month.

Mohammad Shazil

A Riverside, CA born Electrical Engineer who bears the passion to write over every happening around. A crypto zealot. Shazil is the sub-editor of BlockPublisher news. Contact the editor at editor.news@blockpublisher.com