Bakkt Holdings, Inc. (NYSE: BKKT) operates a regulated digital asset platform designed to bridge traditional finance and the emerging cryptocurrency economy. Founded in 2018 as a subsidiary of Intercontinental Exchange (ICE), the company offers institutional-grade solutions for trading, storing and spending digital assets. Through its regulated marketplace, Bakkt provides clients with access to bitcoin futures contracts, cash-settled options and other derivatives products, enabling market participants to manage risk and gain exposure to digital asset classes within a compliant framework.
In addition to its institutional offerings, Bakkt has developed a consumer-facing ecosystem that includes a digital wallet and mobile application. Individual users can buy, sell and transfer cryptocurrencies such as bitcoin, while also earning rewards points and loyalty benefits tied to partner programs in retail, travel and entertainment sectors. Its custody services leverage segregated cold storage and multi-party computation (MPC) technology to safeguard digital assets against cyber threats and operational risks.
Throughout its evolution, Bakkt has expanded its product suite via strategic partnerships and acquisitions. In 2019, the firm launched bitcoin futures on ICE Futures U.S. and acquired Apex Crypto to bolster its custody capabilities. The company completed a business combination with a special purpose acquisition company (SPAC) in 2021, resulting in its public listing on the New York Stock Exchange under the ticker “BKKT.” Bakkt continues to pursue global market opportunities, working with merchant acquirers and payment networks to facilitate cryptocurrency settlement and loyalty redemption.
Headquartered in Atlanta, Georgia, Bakkt operates within a U.S. regulatory environment under the oversight of the Commodity Futures Trading Commission (CFTC) and other financial regulators. CEO Gavin Michael, who joined the company in 2020, leads an executive team with deep experience across technology, financial services and risk management. With a focus on building scalable infrastructure for digital assets, Bakkt aims to serve both institutional investors and retail consumers as the digital economy continues to expand.
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