Bakkt

Bakkt is a publicly listed digital asset infrastructure firm founded in 2018 that sold its loyalty business in late 2025 to focus entirely on institutional digital finance. That pivot matters to any investment team evaluating exposure to Bitcoin, tokenized assets, or stablecoin payment rails: the firm’s entire product stack now targets institutional-grade access, compliance, and custody across these categories.

Three product lines define what Bakkt offers today:

• Bakkt Markets: institutional Bitcoin trading, liquidity, and regulated custody built on a 50-state licensing footprint and a New York BitLicense, with a plug-and-play brokerage integration model that removes in-house development requirements
• Bakkt Agent: a modular, AI-driven infrastructure layer for compliant global money movement, savings, and yield, delivered through banking partners
• Bakkt Global: minority investments in international digital asset and AI ventures, including a stake in Bitcoin Japan Corporation, listed on the Tokyo Stock Exchange

For family offices building or evaluating digital asset exposure, Bakkt’s regulatory footprint is the clearest differentiator. A 50-state license stack and a New York BitLicense place it among a small group of digital asset infrastructure providers capable of serving institutional clients across US jurisdictions. Partners include Fireblocks, BitGo, Nexo, and ICE, which signals integration depth with established institutional custodians and market infrastructure. Pricing is not publicly disclosed and requires direct consultation. The firm’s product focus is almost entirely on Bitcoin and digital assets, so offices seeking a single platform covering traditional and alternative assets will need a separate solution for non-digital holdings.