Bakkt’s second round of funding, and its acquisition of Bridge2 Solutions, will help accelerate the development of Bakkt’s consumer application, which has been a key part of our strategy since we first looked at this market.”. ICE owns the majority of stake in its subsidiary Bakkt, formed to offer a federally regulated Bitcoin market or digital assets and turn bitcoin into globally trusted currency. Bridge2 Solutions drives engagement and loyalty between brands and their customers. Its Loyalty Pay solution expands the value of rewards programs and gives consumers the ability to pay with reward currencies both at the point of sale (POS) in retail stores and in-app through digital wallets. The Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE) has agreed to acquire loyalty solutions provider Bridge2 on behalf of its digital asset-focused subsidiary Bakkt.. As part of the deal, Bakkt will then buy Bridge2 Solutions from ICE with the funds it is raising in its ongoing Series B round scheduled to conclude later this quarter. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use. Feeds, Digital Signage Following the completion of the transaction, Bakkt, a majority-owned subsidiary of ICE, intends to acquire Bridge2 Solutions from ICE using proceeds from Bakkt’s Series B round of funding, which is expected to close later this quarter. Adult Obesity Increasing; Worsens Outcomes From COVID-19: CDC, Europe Signs Deal With Sanofi, GSK To Secure Up To 300 Mln COVID-19 Vaccine Doses, Biden Demands Trump's Resignation Over COVID-19 Response, Roche Unveils New Quantitative Antibody Test To Measure SARS-CoV-2 Antibodies, WHO Warns Of Alarming Rates Of COVID Transmission In Europe, Tracking Coronavirus Vaccines In Human Trials. The financial terms of the transaction were not disclosed. Following the completion of the transaction, Bakkt, a majority-owned subsidiary of ICE, intends to acquire Bridge2 Solutions from ICE using proceeds … United Airlines pilots have approved a deal to avoid furlough of thousands of pilots at least until June 2021. Bitcoin futures exchange Bakkt, which is majority-owned by ICE, plans to acquire Bridge2 Solutions from ICE using the funds raised in its Series B round of funding, which will close later this quarter. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. Bakkt’s second round of funding, and its acquisition of Bridge2 Solutions, will help accelerate the development of Bakkt’s consumer application, which has been a key part of our strategy since we first looked at this market.”, “With the launch of the Bakkt app, we will, for the first time, offer consumers a robust platform to consolidate and use all of their digital assets, from crypto to loyalty points to in game tokens, in one user-friendly wallet,” said Mike Blandina, CEO of Bakkt. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Intercontinental Exchange Inc. (ICE) said that it has agreed to acquire Bridge2 Solutions, a provider of loyalty solutions for merchants and consumers. "Bakkt was created to help bring transparency and trust to the previously unregulated digital asset markets,” said Jeffrey Sprecher, Founder, Chairman and CEO of ICE. Bridge2 Solutions is a leading provider of Loyalty Programs. Investor, Breaking http://www.streetinsider.com/signup_content.php. Please contact us here http://www.streetinsider.com/signup_content.php.

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