Bakkt Holdings, Inc. is an American fintech company founded in 2018 as a subsidiary of Intercontinental Exchange (ICE), the owner of the New York Stock Exchange. The company is headquartered in Alpharetta, Georgia. Bakkt provides software-as-a-service (SaaS) and an API platform for custody, cryptocurrency trading, and loyalty program management.
Bakkt's platform offers institutional-grade digital asset custody, trading, and fiat currency integration services. The company holds BitLicense and Money Transmitter Licenses, allowing it to operate in all 50 US states and several international regions. In 2023, Bakkt upgraded its custody platform, giving customers the option to use segregated wallets and customize security processes.
In April 2023, Bakkt acquired Apex Crypto, expanding its cryptocurrency trading capabilities. The company also offers loyalty program solutions, allowing users to convert rewards points into cryptocurrency. Bakkt's clients include financial institutions, trading platforms, and other businesses looking to integrate cryptocurrency solutions into their services.
Bakkt is actively working to expand its international presence and strengthen its position in the digital asset market. The company aims to provide its customers with reliable and regulated solutions for participating in the crypto economy, combining innovative technology with regulatory compliance.