By Colin Kellaher

Intercontinental Exchange Inc. (ICE) on Wednesday said it agreed to buy Bridge2 Solutions, a provider of loyalty solutions for merchants and consumers, for an undisclosed amount.

The owner of the New York Stock Exchange said it will then sell Bridge2 to Bakkt, its majority-owned bitcoin-futures platform unit.

ICE said Bakkt will acquire Bridge2 using proceeds from its Series B funding round, which is expected to close later this quarter.

ICE said the acquisition won't have a material impact on its earnings and won't affect its capital-return plans.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

February 05, 2020 09:46 ET (14:46 GMT)

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