Bakkt is a drypto derivatives provider designed to serve as a scalable on-ramp for institutional, merchant and consumer participation in digital assets by promoting greater efficiency, security, and utility.
Bakkt's vision is to bring trust and transparency to digital assets.
Bakkt was founded in 2018 by Kelly Loeffler and Jeff Sprecher. The company is headquartered in Atlanta, Georgia.
Bakkt aims to build confidence in the asset class on a global scale, consistent with our track record of bringing transparency and trust to previously unregulated markets.
Bakkt through the Bakkt Warehouse and Bakkt Bitcoin Futures and Options contracts, serve institutional clients in an end-to-end regulated market with true price transparency. For consumers, Bakkt aggregates digital assets to enable instant liquidity and to empower users to trade, transfer and pay however they want.
Bakkt is backed by Microsoft's M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, Pantera Capital, Intercontinental Exchange (ICE) and others. The company raised $300M in a Series B round on Mar 16, 2020. This brings Bakkt's total funding to $482.5M to date. Bakkt has also acquired Bridge2 Solutions.