Tech
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 Citadel and Vanguard, is acquiring a stake in 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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