Bakkt
Publicly traded digital asset manager
From Wikipedia, the free encyclopedia
Bakkt, Inc., headquartered in Atlanta, Georgia with a presence in New York City and Dubai, is a regulated financial technology company that powers institutional-grade trading capabilities, AI-enabled programmable finance, and cross-border payment infrastructure.[1]
- July 31, 2018 (initially launched as a subsidiary of Intercontinental Exchange)
- October 18, 2021 (publicly traded company)
 | |
| Type | Public subsidiary |
|---|---|
| NYSE: BKKT | |
| Industry | Fintech |
| Founded |
|
| Headquarters | Atlanta, Georgia, U.S. |
Key people | Akshay Naheta (CEO) Karen Alexander (CFO) |
| Revenue |  US$2.335 billion (2025) |
 US$−147 million (2025) | |
| US$−132 million (2025) | |
| Total assets | US$162 million (2025) |
| Total equity |  US$112 million (2025) |
Number of employees | 150 (2026) |
| Website | www |
| Footnotes [1][2] | |
Bakkt was founded by Intercontinental Exchange (ICE), which also owns the New York Stock Exchange and owns around 18% of the company as of June 2026.[3][4]
History
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.[5] 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.[6]
In January 2019, Bakkt acquired certain assets of Rosenthal Collins Group to advance its consumer payments initiatives.[7]
In April 2019, Bakkt acquired Digital Asset Custody Company (DACC).[8]
In September 2019, after regulatory delays, Intercontinental Exchange began trading of bitcoin futures.[9][10]
In February 2020, Intercontinental Exchange acquired Bridge2 Solutions, a loyalty rewards provider, which was then contributed to Bakkt.[11]
2021–2025: 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.[12][13]
In April 2023, Bakkt acquired Chicago-based integrated crypto trading platform, Apex Crypto.[14]
2025–present: Publicly listed company
In March 2025, Akshay Naheta was appointed as the co-chief executive officer.[15] The company also entered into a commercial agreement with Distributed Technologies Research (DTR).[16]
In July 2025, the company announced it will sell its loyalty points business for $11 million.[17] The company completed the sale in October 2025.[18]
In August 2025, the company announced it acquired approximately 30% of the outstanding shares of MarushoHotta Co., Ltd. (“MHT”), a Tokyo-listed company (TSE: 8105) and would rename the company to Bitcoin Japan. The acquisition would make Bakkt the largest shareholder of Bitcoin Japan.[19] The Bitcoin Japan investment is part of the larger Bakkt Global strategy.[20]
In September 2025, Akshay Naheta became the sole chief executive officer.[21] And the company eliminated all remaining long-term debt strengthening the company’s financial position and balance sheet flexibility.[22]
In November 2025, the company simplified the capital structure and eliminated its umbrella partnership-C corporation “Up-C” structure and transitioned to a single class.[23]
In January 2026, the company announced that it agreed to acquire Distributed Technologies Research (DTR) and closed on the acquisition in April 2026.[24] And the company changed its corporate name from Bakkt Holdings, Inc. to Bakkt, Inc.[25]
In March 2026, the company hosted its first Investor Day at the New York Stock Exchange.[26]