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Bakkt

Publicly traded digital asset manager From Wikipedia, the free encyclopedia

Bakkt
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Bakkt Holdings, Inc., headquartered in Alpharetta, Georgia and New York City, provides a software as a service (SaaS) and API platform for owning and trading cryptocurrency.[1] Bakkt was founded, and is 55% owned, by Intercontinental Exchange (ICE), which also owns the New York Stock Exchange.[3][4] Bakkt earns revenue from commissions for payments and purchases and sales of cryptocurrency.[5]

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History

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2018–2020: Under ICE ownership

In August 2018, Intercontinental Exchange formed Bakkt in partnership with Boston Consulting Group (BCG), Microsoft, Starbucks, and others to create a software platform to manage digital assets.[6] Its first use cases was for trading and conversion of Bitcoin (BTC) versus fiat currencies. Kelly Loeffler served as Bakkt's CEO until her appointment to the United States Senate.[7]

In January 2019, Bakkt acquired certain assets of Rosenthal Collins Group to advance its consumer payments initiatives.[8]

In April 2019, Bakkt acquired Digital Asset Custody Company (DACC).[9]

In September 2019, after regulatory delays, Intercontinental Exchange began trading of bitcoin futures.[10][11]

In February 2020, Intercontinental Exchange acquired Bridge2 Solutions, a loyalty rewards provider, which was then contributed to Bakkt.[12]

2021–present: Publicly listed company

In October 2021, Bakkt completed a merger with VPC Impact Acquisition Holdings, a special-purpose acquisition company sponsored by Victory Park Capital and was listed on the New York Stock Exchange.[13][14]

In April 2023, Bakkt acquired Chicago-based integrated crypto trading platform, Apex Crypto.[15]

In March 2025, Akshay Naheta was appointed as the co-chief executive officer.[16]

In July 2025, the company sold its loyalty points business for $11 million.[17]

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References

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