BAKKT ROLLS OUT CRITICAL BITCOIN CUSTODY AFTER NY GIVES GREEN LIGHT

The world of cryptocurrency is constantly evolving, and with it, the need for secure and reliable custody solutions becomes ever more critical. Founded in 2025, Bakkt builds solutions that enable our clients to grow with the crypto economy through a regulated approach in the U.S. and internationally. Through institutional-grade custody, trading, and onramp capabilities, our clients leverage products and solutions built for sustainable, long-term involvement in crypto.Enter Bakkt, a digital asset platform owned by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. p Bitcoin custody is the critical link, says Bakkt at full rollout /p Bakkt Rolls Out Critical Bitcoin Custody After NY Gives Green Light - Sharecast.com SharecastBakkt has just announced a significant step forward in its mission to provide institutional-grade cryptocurrency services. Bakkt Bitcoin Institutional Custody Regulated, Secure and Trusted Custody Security Institutional-Grade Custody The Bakkt Warehouse is purpose-built from the ground up to safeguard digital assets on behalf ofAfter receiving the green light from the New York Department of Financial Services (NYDFS), Bakkt has relaunched its Bakkt Custody platform, offering enhanced Bitcoin custody services to a broader range of clients. ALPHARETTA, Ga.-(BUSINESS WIRE)-Bakkt Holdings, Inc. ( Bakkt ) (NYSE: BKKT) and Swan Bitcoin ( Swan ) today announced that the companies have enabled Bitcoin trading across 49 U.S. states together. Bakkt provides Swan with a breadth of Bitcoin services, including fiat onboarding, Bitcoin trading, and custody.This marks a pivotal moment for institutional adoption of Bitcoin and other digital assets, as secure custody is often cited as a major barrier to entry for larger investors.This strategic move not only strengthens Bakkt's position in the crypto landscape but also underscores the growing regulatory acceptance of digital asset custody solutions.

This isn't just about storing Bitcoin; it's about building a secure bridge between traditional finance and the burgeoning world of crypto. 11일자 블로그 포스트에서 백트는 뉴욕주 금융서비스국(NYDFS)으로부터 허가를 받고 기관투자자 고객들에게 보호예수(custody) 서비스를 제공할 수 있게 됐다고 발표했다.With ICE's robust security infrastructure backing it, Bakkt is aiming to become a trusted and regulated gateway for institutions to participate in the digital asset revolution.By providing a safe and compliant custody solution, Bakkt is hoping to pave the way for wider acceptance and integration of Bitcoin and other cryptocurrencies into the mainstream financial system. 6.8M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, discussion, and analysis.The enhanced platform promises flexibility, security, and the ability to quickly add support for new digital assets. Los contratos de futuros de Bitcoin de Bakkt han establecido nuevos r cords en los ltimos d as, con USD 15 millones negociados diariamente. Sigue leyendo: La empresa Galaxy Digital de Michael Novogratz lanza nuevos fondos de Bitcoin; El volumen de operaciones de futuros de Bitcoin en Bakkt ha alcanzado otro m ximo hist ricoThis expansion signals a clear commitment to innovation and responsiveness within the rapidly changing crypto market.

Bakkt's Enhanced Custody Platform: A Closer Look

The relaunched Bakkt Custody platform boasts a range of features designed to meet the demanding needs of institutional investors. インターコンチネンタル取引所が手がけるバックトが、機関投資家向けにカストディ（資産管理）ビジネスを立ち上げた。Let's delve into the key aspects that make this platform stand out:

• Institutional-Grade Security: Leveraging ICE's established security protocols, Bakkt provides a robust defense against cyber threats, ensuring the safety of digital assets.
• Regulatory Compliance: Operating under the watchful eye of the NYDFS, Bakkt adheres to strict regulatory standards, offering clients peace of mind and a compliant custody solution.
• Expanded Coin Support: Beyond Bitcoin (BTC), the platform now supports Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), Shiba Inu (SHIB), Litecoin (LTC), and USD Coin (USDC), offering a diverse range of custody options.
• Flexible and Scalable Infrastructure: The platform is built for agility, allowing for the rapid addition of new coins and features to meet evolving market demands.
• Revitalized Interface: Bakkt has introduced a new, user-friendly interface to simplify the custody experience for institutional clients.

The combination of these features positions Bakkt as a leading provider of institutional-grade cryptocurrency custody solutions. Bakkt: custody is critical link in BTC adoption. In a blog post on Nov. 11, Bakkt said it had received the go-ahead from the New York Department of Financial Services (NYDFS) to offer custody services to any institution. Previously, the option was only available for those trading its Bitcoin futures.The platform is not just a storage facility; it's a comprehensive ecosystem designed to facilitate the safe and secure management of digital assets for sophisticated investors.

The Significance of NYDFS Approval

The approval from the New York Department of Financial Services (NYDFS) is a crucial element in Bakkt's rollout.Why is this regulatory green light so important?

• Trust and Legitimacy: The NYDFS is a well-respected regulatory body known for its stringent standards.Their approval signals that Bakkt's custody platform meets the highest levels of security and compliance.
• Access to a Wider Client Base: With NYDFS approval, Bakkt can now offer its custody services to a broader range of institutional clients, including those who require regulated custody solutions.
• Competitive Advantage: Regulatory approval sets Bakkt apart from many other custody providers, giving it a significant competitive advantage in the market.
• Encouraging Institutional Adoption: The presence of a regulated custody solution like Bakkt's can encourage more institutions to enter the cryptocurrency space, knowing their assets are securely stored and managed.

The NYDFS approval is not just a formality; it's a validation of Bakkt's commitment to security, compliance, and responsible innovation.It also reflects a growing trend of regulatory acceptance of cryptocurrency custody solutions, paving the way for greater institutional participation in the digital asset market.

Why is Bitcoin Custody So Critical for Institutional Adoption?

Bakkt itself has emphasized that custody is the critical link in Bitcoin adoption.But why is secure custody so important, particularly for institutional investors?

• Security Concerns: Institutional investors handle large sums of money and cannot afford to risk losing their assets due to hacking or theft.Secure custody solutions provide the necessary protection against these threats.
• Regulatory Requirements: Many institutional investors are required by law to use qualified custodians to hold their assets. Bakkt Holdings, Inc. ( Bakkt ) (NYSE: BKKT) and Swan Bitcoin ( Swan ) today announced that the companies have enabled Bitcoin trading across 49 U.S. states together. Bakkt provides Swan with a breadth of Bitcoin services, including fiat onboarding, Bitcoin trading, and custody. We are thrilled to be taking this exciting step forward in our partnership with Swan, said GavinBakkt's NYDFS-approved custody platform meets these requirements.
• Risk Management: Secure custody solutions help institutions manage the risks associated with holding digital assets, such as private key management and loss prevention.
• Operational Efficiency: Custody providers handle the complex operational tasks associated with storing and managing digital assets, freeing up institutional investors to focus on their core business.
• Accounting and Auditing: Regulated custodians provide transparent accounting and auditing services, making it easier for institutions to track and report their digital asset holdings.

Without secure and regulated custody solutions, institutional investors are unlikely to participate in the cryptocurrency market. Today, Bakkt Custody supports B itcoin (BTC), E thereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), Shiba Inu (SHIB), Litecoin (LTC), and USD Coin (USDC). Bakkt maintains a Listing Policy that has been authorized by the New York Department of Financial Services and will continue to consider additional coin options that adhere to the ListingBakkt's platform addresses these concerns, providing a safe and compliant way for institutions to hold Bitcoin and other digital assets. Bakkt Holdings, Inc. (NYSE: BKKT), a trusted digital asset platform that enables consumers to buy, sell, send and spend a range of digital assets, today announced a partnership with leading regulated digital assets institution Nexo, to custody cryptocurrency assets in the Bakkt Warehouse, the company s regulated custodian, which allows for safe and secure storage of bitcoin and EthereumThis is a game changer for wider institutional acceptance.

Bakkt's Security Infrastructure: Protecting Digital Assets

Bakkt leverages the robust security infrastructure of its parent company, ICE, to protect digital assets. Die Krypto-Handelsplattform Bakkt darf ihren Bitcoin-Depotservice durch eine neue Genehmigung auf alle Kunden ausweiten.What does this entail?

• Physical Security: Bakkt utilizes ICE's physical security protocols, which are used to protect over a dozen exchanges around the world, including the New York Stock Exchange.This includes state-of-the-art surveillance systems, access controls, and disaster recovery plans.
• Cybersecurity Program: Bakkt maintains a sophisticated cybersecurity program that includes regular vulnerability assessments, penetration testing, and security audits.
• Multi-Factor Authentication: Bakkt uses multi-factor authentication to protect access to its systems and digital assets.
• Cold Storage: A significant portion of Bakkt's digital assets are stored in cold storage, which means they are kept offline and isolated from the internet, minimizing the risk of hacking.
• Insurance Coverage: Bakkt maintains insurance coverage to protect against the loss of digital assets due to theft or other events.

The combination of these security measures provides a high level of protection for digital assets held in Bakkt's custody. Bakkt Warehouse Obtains NYDFS Green Light. Bakkt COO Adam White announced the news via a blog post published on Monday (Novem). According to the announcement, the New York Department of Financial Services (NYDFS) has given Bakkt the go-ahead to begin offering its enterprise-grade bitcoin custody services to institutional clients.This is crucial for attracting institutional investors who demand the highest levels of security and risk management.

Expanding Beyond Bitcoin: Supporting Multiple Cryptocurrencies

While Bitcoin is the flagship cryptocurrency, Bakkt's custody platform extends its reach to support a growing number of digital assets. Through institutional-grade custody, trading, and onramp capabilities, your business can leverage products and services built for sustainable, long-term involvement in crypto. Audited Bakkt maintains comprehensive regulatory compliance and security with regular 3rd-party auditsThis is a key differentiator.What are the advantages of supporting multiple coins?

• Diversification: Supporting multiple cryptocurrencies allows institutional investors to diversify their digital asset holdings, reducing risk and potentially increasing returns.
• Meeting Client Demand: Many institutional investors are interested in holding a variety of digital assets, not just Bitcoin.Bakkt's platform caters to this demand.
• Expanding the Ecosystem: Supporting multiple cryptocurrencies expands the Bakkt ecosystem, attracting more users and increasing liquidity.
• Future-Proofing the Platform: The ability to quickly add support for new coins ensures that the platform remains relevant and competitive as the cryptocurrency market evolves.

Currently, Bakkt Custody supports Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), Shiba Inu (SHIB), Litecoin (LTC), and USD Coin (USDC).Bakkt plans to continue adding support for new coins based on its Listing Policy, which has been authorized by the NYDFS. Antes, a op o estava dispon vel apenas para aqueles que negociavam futuros de Bitcoin. Ao comentar sobre o lan amento, a Bakkt descreveu a ferramenta de cust dia como conex o mais importante para a ado o institucional do Bitcoin . O armazenamento seguro de ativos digitais exige uma abordagem abrangente de cust dia.This commitment to expanding coin support demonstrates Bakkt's commitment to providing a comprehensive custody solution for institutional investors.

How Bakkt's Partnership with Swan Bitcoin Enhances Bitcoin Accessibility

Bakkt's collaboration with Swan Bitcoin highlights its dedication to increasing Bitcoin accessibility.This partnership enables Bitcoin trading across 49 U.S. states, showcasing Bakkt's commitment to expanding its reach.

• Fiat Onboarding: Bakkt provides Swan with fiat onboarding capabilities, simplifying the process for users to purchase Bitcoin with traditional currencies.
• Bitcoin Trading: Bakkt offers Bitcoin trading services to Swan, allowing users to buy and sell Bitcoin seamlessly.
• Custody Solutions: Bakkt provides custody services to Swan, ensuring the safe and secure storage of Bitcoin.

This partnership with Swan Bitcoin underscores Bakkt's strategy of partnering with leading companies in the cryptocurrency space to expand its reach and make Bitcoin more accessible to a wider audience. Search the world's information, including webpages, images, videos and more. Google has many special features to help you find exactly what you're looking for.It emphasizes Bakkt's role in building a more inclusive and accessible digital asset ecosystem.

Frequently Asked Questions about Bakkt Custody

Here are some common questions regarding Bakkt's custody solutions:

What is Bakkt Custody?

Bakkt Custody is a regulated custody platform that provides secure and compliant storage solutions for digital assets, primarily targeting institutional investors.It's operated under Bakkt Trust Company LLC, an NYDFS Qualified Custodian.

Who is Bakkt Custody designed for?

Bakkt Custody is primarily designed for institutional investors, such as hedge funds, asset managers, and other financial institutions that require secure and regulated custody solutions for their digital assets.

What digital assets does Bakkt Custody support?

Currently, Bakkt Custody supports Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), Shiba Inu (SHIB), Litecoin (LTC), and USD Coin (USDC).Bakkt plans to add support for additional digital assets in the future.

Is Bakkt Custody regulated?

Yes, Bakkt Custody is operated under Bakkt Trust Company LLC, an NYDFS Qualified Custodian.This means that it is subject to strict regulatory oversight and compliance requirements.

What security measures does Bakkt Custody employ?

Bakkt Custody utilizes a range of security measures, including physical security, a sophisticated cybersecurity program, multi-factor authentication, cold storage, and insurance coverage, leveraging ICE's robust infrastructure.

How can I learn more about Bakkt Custody?

You can visit the Bakkt website (www.bakkt.com) or contact Bakkt directly to learn more about its custody solutions and other services.

The Future of Institutional Bitcoin Custody

The rollout of Bakkt's enhanced Bitcoin custody platform marks a significant milestone in the evolution of institutional cryptocurrency adoption.As the digital asset market continues to mature, the demand for secure, regulated, and flexible custody solutions will only increase.

Here are some key trends to watch in the future of institutional Bitcoin custody:

• Growing Regulatory Scrutiny: Regulators around the world are paying closer attention to the cryptocurrency market, and this will likely lead to stricter regulations for custody providers.
• Increased Demand for Insurance: Institutional investors will increasingly demand insurance coverage to protect against the loss of digital assets.
• Integration with Traditional Financial Systems: Custody solutions will become more integrated with traditional financial systems, making it easier for institutions to manage their digital asset holdings alongside their traditional assets.
• Innovation in Custody Technology: Custody providers will continue to innovate and develop new technologies to improve security, efficiency, and scalability.
• Expansion of Supported Assets: The range of digital assets supported by custody platforms will continue to expand, offering investors more diversification options.

Bakkt is well-positioned to capitalize on these trends and solidify its position as a leading provider of institutional-grade cryptocurrency custody solutions. The relaunched platform, built for flexibility and secure innovation, will also offer expanded coin custody capabilities with six additional coins to go live in December Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it has relaunched its Bakkt Custody platform with enhanced capabilities, a revitalized interface, and a foundation built to enable the rapid addition of futureWith its strong security infrastructure, regulatory compliance, and commitment to innovation, Bakkt is helping to pave the way for greater institutional participation in the digital asset market.

Conclusion: Bakkt's Custody Solution as a Catalyst for Crypto Adoption

Bakkt's relaunch of its Bitcoin custody platform, with the blessing of the NYDFS, is more than just a product update; it represents a pivotal step towards mainstream acceptance of cryptocurrencies by institutions. Bakkt: custody is critical link in BTC adoption In a blog post on Nov. 11, Bakkt said it had received the go-ahead from the New York Department of Financial Services (NYDFS) to offer custodyThe platform's enhanced security features, regulatory compliance, and expanded coin support address critical concerns that have long hindered institutional investment in the digital asset space. Bakkt Rolls Out Bitcoin Custody, Swiss Crypto Bank SEBA Opens For Public, Coinbase Card Launches in 10 More European Countries Bakkt said it had received the go-ahead from the New YorkBy providing a trusted and secure way to store Bitcoin and other cryptocurrencies, Bakkt is effectively lowering the barrier to entry for institutions and fostering a more mature and regulated crypto market.

The NYDFS approval is a significant validation of Bakkt's commitment to security and compliance, instilling confidence among institutional investors who require the highest standards of protection. 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.Furthermore, the partnership with Swan Bitcoin demonstrates Bakkt's dedication to making Bitcoin more accessible to a wider audience. Bakkt is taking what it hopes will be another significant step toward obtaining regulatory approval as its parent company Intercontinental Exchange (ICE), acquires Bitcoin custody platform. ICE also plans to register the company as a licensed trust in New York State.Ultimately, Bakkt's efforts are contributing to the growth and maturation of the digital asset ecosystem, paving the way for a future where cryptocurrencies are seamlessly integrated into the global financial system.

The key takeaways from Bakkt's recent move are:

• Enhanced security measures provide institutional-grade protection for digital assets.
• NYDFS approval signifies regulatory compliance and builds trust.
• Expanded coin support offers diversification opportunities.
• Strategic partnerships like the one with Swan Bitcoin enhance accessibility.

As the cryptocurrency landscape continues to evolve, Bakkt's Bitcoin custody platform stands as a crucial infrastructure component, fostering trust, security, and ultimately, wider adoption of digital assets by institutional investors. Bakkt Rolls Out Critical Bitcoin Custody After NY Gives Green LightFor institutional investors looking for a secure and regulated way to enter the cryptocurrency market, Bakkt's custody platform is definitely worth considering.Explore Bakkt's offerings today and take the first step towards responsible participation in the crypto economy!