BAKKT AND GALAXY DIGITAL TEAM-UP ON NEW INSTITUTIONAL OFFERING

The world of digital assets is rapidly evolving, and with it, the demand for secure and efficient solutions for institutional investors. New partnership provides secure and efficient means of buying, selling and storing bitcoin (BTC) for asset managers and institutional investors seStepping up to meet this demand, Bakkt, the Intercontinental Exchange's (ICE) digital asset custody and derivatives platform, has joined forces with Galaxy Digital, a leading digital asset manager helmed by Bitcoin advocate Mike Novogratz. Bakkt and Galaxy Digital plan to offer a quot;white glove quot; trading and custody solution targeting institutions this year.This strategic alliance is set to launch a new ""white-glove"" service tailored specifically for institutions seeking exposure to Bitcoin (BTC). Bakkt and Galaxy Digital have jointly created a new service directed at institutional investors looking to buy and store bitcoin (BTC). The post Bakkt, Galaxy Digital link up to offer bitcoinThis collaborative effort aims to provide a secure, efficient, and well-regulated pathway for institutional investors to buy, sell, and store Bitcoin, addressing a growing need in the market for institutional-grade digital asset services.The partnership leverages the strengths of both companies, combining Bakkt’s regulated custody solutions with Galaxy Digital’s trading expertise to create a comprehensive offering that caters to the unique needs of asset managers and other institutional players.This move signals a significant step towards mainstream adoption of Bitcoin by sophisticated investors.

Addressing Institutional Demand for Bitcoin

The collaboration between Bakkt and Galaxy Digital comes at a time when institutional interest in Bitcoin and other digital assets is surging. NEW YORK, J /PRNewswire/ - Galaxy Digital, the diversified financial services and investment management company providing quality digital asset exposure for institutional and accredited investors, and Bakkt, the digital asset derivatives trading and custody platform majority-owned by Intercontinental Exchange ( ICE ), todayThese institutions are often looking for more than just access to the market; they require a robust and reliable infrastructure that meets stringent regulatory requirements.This new offering directly addresses these concerns by providing a secure and compliant environment for managing Bitcoin investments.

John Conneely, head of custody at Bakkt, highlighted that the partnership was established in direct response to strong institutional demand. Founded in 2025, Bakkt builds solutions that enable businesses to grow with the crypto economy responsibly. Our businesses is represented by distinct entities for institutional and retail trading. Bakkt Custody is operated under Bakkt Trust Company LLC, an NYDFS Qualified Custodian offering institutional-grade custody solutions.The demand stems from a desire to safely and efficiently navigate the complexities of the digital asset landscape, something that this collaboration aims to facilitate.

A Collaborative ""White-Glove"" Service

The term ""white-glove service"" implies a high level of personalized attention and support.This new offering from Bakkt and Galaxy Digital is designed to provide institutional investors with a seamless and hassle-free experience when dealing with Bitcoin. Digital asset custody and derivatives solutions provider Bakkt has partnered with digital asset manager Galaxy Digital to develop a new institutional bitcoin product. The new partnership will see Bakkt s custodial services offered alongside the Galaxy Digital Trading (GDT) engine match and trading platform. As per Bloomberg s interviewIt encompasses the entire process, from initial purchase to secure custody, all managed under a framework of regulatory compliance.

Here's what ""white-glove"" likely entails in this context:

• Dedicated Account Management: Institutional clients will likely have access to a dedicated team to handle their specific needs and provide personalized support.
• Customized Solutions: The service is likely tailored to the specific requirements of each institution, taking into account their investment objectives and risk tolerance.
• Enhanced Security Measures: Security is paramount, and the offering likely includes advanced security protocols and multi-layered protection to safeguard assets.
• Regulatory Compliance: Both Bakkt and Galaxy Digital operate under regulatory oversight, ensuring that the service adheres to all applicable laws and regulations.

Key Components of the New Institutional Bitcoin Offering

The partnership brings together the core competencies of both Bakkt and Galaxy Digital to create a comprehensive solution.Specifically, the new service combines Bakkt's secure custody solutions with Galaxy Digital's trading capabilities.

Bakkt's Custody Services

Bakkt Custody is operated under Bakkt Trust Company LLC, an NYDFS Qualified Custodian.This designation is crucial because it signifies that Bakkt meets the stringent requirements of the New York Department of Financial Services, ensuring the security and integrity of its custody operations.

Key features of Bakkt's custody services include:

• Institutional-Grade Security: Bakkt utilizes advanced security measures to protect digital assets from theft and unauthorized access.
• Regulatory Compliance: As a regulated custodian, Bakkt adheres to all applicable laws and regulations, providing institutions with peace of mind.
• Segregation of Assets: Client assets are held separately from Bakkt's own assets, providing an additional layer of protection.

Galaxy Digital Trading (GDT) Engine

Galaxy Digital's Trading (GDT) engine is a sophisticated platform that facilitates efficient and secure trading of digital assets. Gavin Michael, former head of technology of Citi s Global Consumer Bank, joins Bakkt as CEO Bakkt investors will roll their equity into the combined company, with Intercontinental Exchange contributing an additional $50 million in capital Combined company valued at an enterprise value of approximately $2.1 billion Transaction accelerates Bakkt s growth and the rollout of its consumerIt offers institutions access to deep liquidity and competitive pricing.

Features of the GDT engine include:

• Advanced Trading Tools: The platform provides institutions with access to a range of trading tools and analytics to help them make informed decisions.
• Deep Liquidity: Galaxy Digital's extensive network and relationships provide access to deep liquidity across various digital asset markets.
• Efficient Execution: The GDT engine is designed to execute trades quickly and efficiently, minimizing slippage and maximizing returns.

By integrating these two components, Bakkt and Galaxy Digital offer a complete solution that addresses the needs of institutional investors seeking to participate in the Bitcoin market. at UTCUpdated at UTC.Michael Novogratz, chief executive officer, Galaxy Investment Partners at Invest 2025.Two New York-based crypto companies hope to scoop up growing institutional demand for physical bitcoin.[BREAK] Announced Wednesday, Galaxy Digital's trading arm and regulated bitcoin futures provider Bakkt said their new service - which has yet to beGalaxy Digital's trading engine will be associated with Bakkt's custody services as a combined process to complete organizational order for Bitcoin.

Who is This Offering For?

This ""white-glove"" service is primarily targeted at institutional investors, including:

• Asset Managers: Firms that manage investments on behalf of clients.
• Hedge Funds: Actively managed investment funds that employ a variety of strategies to generate returns.
• Traditional Financial Institutions: Banks, insurance companies, and other traditional financial players looking to explore digital assets.
• Family Offices: Private wealth management firms that manage the assets of wealthy families.

These institutions typically require a higher level of service and security than retail investors. Galaxy Digital and Bakkt will team up to offer buying and custodial services. The partnership will mean prime brokerage services for significant fund managers. Bitcoin advocate and Wall Street veteran Mike Novogratz is joining forces with Bakkt to help asset managers invest in crypto.They also need to comply with strict regulatory requirements and internal risk management policies. ihodl.com is an illustrated digital edition about cryptocurrencies, investments, finance and lifestyle. Galaxy Digital and Bakkt plan to offer this new service to institutions such as traditional financial asset managers and hedge funds.The Bakkt and Galaxy Digital offering is designed to meet these specific needs.

Why Choose Bakkt and Galaxy Digital?

Several factors make this partnership an attractive option for institutional investors:

• Regulatory Compliance: Both Bakkt and Galaxy Digital operate in regulated environments, providing assurance that the service adheres to all applicable laws and regulations.Bakkt is a regulated, end-to-end infrastructure provider offering more than trading: it handles KYC/AML, KYT, on-chain forensics, tax, and custody.
• Security: Bakkt's institutional-grade custody solutions provide a high level of security for digital assets.
• Expertise: The combined expertise of Bakkt and Galaxy Digital provides institutions with access to a wealth of knowledge and experience in the digital asset space.
• Reputation: Both companies have established reputations for excellence and innovation.

The Role of Mike Novogratz

Michael Novogratz, the CEO of Galaxy Digital, is a well-known figure in the financial industry and a strong advocate for Bitcoin.His involvement lends credibility to the partnership and signals a commitment to providing institutions with access to high-quality digital asset services. عقدت منصة الحفظ والمشتقات الرقمية التابعة لـ Intercontinental Exchange شراكة Bakkt مع مدير الأصول المشفرة Galaxy Digital لإطلاق برنامج `` أبيض ''As a Wall Street veteran, his experience helps bridge the gap between traditional finance and the emerging world of cryptocurrency.

What are the Benefits of This Partnership?

The collaboration between Bakkt and Galaxy Digital offers several benefits to institutional investors:

• Simplified Access to Bitcoin: The offering provides a streamlined and efficient way for institutions to buy, sell, and store Bitcoin.
• Reduced Risk: Bakkt's secure custody solutions mitigate the risk of theft and loss.
• Compliance with Regulations: The service ensures compliance with all applicable laws and regulations.
• Enhanced Transparency: Institutions have full transparency into their holdings and transactions.
• Improved Efficiency: The GDT engine provides efficient trade execution and access to deep liquidity.

The Future of Institutional Bitcoin Investment

The partnership between Bakkt and Galaxy Digital is a significant step towards the mainstream adoption of Bitcoin by institutional investors.As more institutions enter the market, the demand for secure and efficient solutions will continue to grow. Get up to date Team556 charts, market cap, volume, and more. 5 years ago Bakkt and Galaxy Digital Team-Up on New Institutional Offering. Going back furtherThis offering positions Bakkt and Galaxy Digital as leaders in providing these services.

This move may signal a broader trend of traditional financial institutions and crypto-native companies working together to bridge the gap and offer services that cater to the risk profile and regulatory concerns of established institutional investors.

Potential Challenges and Considerations

While the partnership holds great promise, it's important to acknowledge potential challenges and considerations:

• Regulatory Uncertainty: The regulatory landscape for digital assets is still evolving, which could create uncertainty for institutions.
• Market Volatility: Bitcoin is known for its price volatility, which can be a concern for risk-averse investors.
• Competition: The market for institutional digital asset services is becoming increasingly competitive.

Despite these challenges, the long-term outlook for institutional Bitcoin investment remains positive.As the market matures and regulatory clarity increases, more institutions are likely to allocate capital to Bitcoin and other digital assets.

How to Get Started

For institutions interested in learning more about the ""white-glove"" service offered by Bakkt and Galaxy Digital, the best course of action is to:

1. Contact Bakkt and Galaxy Digital Directly: Reach out to their respective sales or institutional services teams to inquire about the offering.
2. Review Their Websites: Visit Bakkt's and Galaxy Digital's websites for more information about their services and capabilities.
3. Consult with a Financial Advisor: Discuss your investment objectives and risk tolerance with a qualified financial advisor to determine if Bitcoin is a suitable investment for your institution.

Frequently Asked Questions (FAQ)

What exactly is a ""white-glove"" service?

A ""white-glove"" service implies a high level of personalized attention and support.In this context, it means that institutional investors receive dedicated assistance throughout the entire process of buying, selling, and storing Bitcoin, with customized solutions tailored to their specific needs.

Is Bitcoin a safe investment for institutions?

Bitcoin's safety as an investment depends on an institution's risk tolerance, investment objectives, and understanding of the market. NEW YORK, J /PRNewswire/ - Galaxy Digital, the diversified financial services and investment management company providing quality digital asset exposure for institutional and accredited investors, and Bakkt, the digital asset derivatives trading and custody platform majority-owned by Intercontinental Exchange ( ICE ), today announced their partnership to launch a collaborativeWhile Bitcoin offers potential for high returns, it is also subject to significant price volatility.Services like the one offered by Bakkt and Galaxy Digital help mitigate some risks by providing secure custody and regulatory compliance.

How does this partnership benefit institutional investors compared to other available options?

This partnership combines the regulatory compliance and secure custody solutions of Bakkt with the trading expertise of Galaxy Digital, offering a comprehensive and integrated service that addresses the specific needs of institutional investors.This may be more appealing than using separate providers for custody and trading, reducing complexity and potential points of failure.

What are the fees associated with this ""white-glove"" service?

Specific fee structures are typically determined on a client-by-client basis and are dependent on the size of the investment, the level of service required, and other factors.Contacting Bakkt and Galaxy Digital directly is the best way to get detailed information on fees.

Conclusion: A New Era for Institutional Bitcoin Investment

The team-up between Bakkt and Galaxy Digital to provide a ""white-glove"" service marks a significant step forward in the evolution of institutional Bitcoin investment. Galaxy Digital, the diversified financial services and investment management company providing quality digital asset exposure for institutional and accredited investors, and Bakkt, the digitalBy combining secure custody with efficient trading, the partnership addresses the key concerns of institutional investors and provides a regulated pathway to access the world of digital assets. La plataforma de custodia de activos digitales y derivados del Intercontinental Exchange Bakkt se ha asociado con el gestor de criptoactivos Galaxy Digital para lanzar un servicio de 'guante blanco' para las instituciones que buscan la exposici n de Bitcoin (BTC).As institutional adoption of Bitcoin continues to grow, offerings like this will play a crucial role in shaping the future of the digital asset landscape.Key takeaways include:

• Bakkt and Galaxy Digital are offering a new service tailored for institutional investors looking to buy, sell, and store Bitcoin.
• The service combines Bakkt's secure custody solutions with Galaxy Digital's trading capabilities.
• It addresses the growing demand for institutional-grade digital asset services that are secure, compliant, and efficient.
• This partnership is a sign of the increasing mainstream adoption of Bitcoin by sophisticated investors.

Institutional investors seeking exposure to Bitcoin should explore this offering as a potentially viable solution that aligns with their needs for security, regulatory compliance, and efficient execution.As always, thorough due diligence and consultation with financial advisors are crucial before making any investment decisions.