Company Information

Get to know Digital Asset Custody Company (acquired by Bakkt)

Digital Asset Custody Company (DACC) was a fintech company focused on providing secure and compliant custody services for cryptocurrencies and other digital assets. The company was in the process of obtaining a trust charter from the New York State Department of Financial Services (NYDFS) to become a "qualified custodian" for institutional clients. In April 2019, DACC was acquired by Bakkt, a digital asset platform founded by the Intercontinental Exchange (ICE). The acquisition was a strategic move for Bakkt to accelerate its path to becoming a regulated custodian, leveraging DACC's team, technology, and progress with regulators to launch its own institutional custody offering, Bakkt Warehouse.

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Crypto CryptocurrencyPRIMARY
Financial Other Service

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Digital Asset Custody Company (acquired by Bakkt)

United States

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/40

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.