What is Bakkt?

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Bakkt is a new company from the Intercontinental Exchange (ICE), the organization that owns and operates the New York Stock Exchange. ICE has significant experience operating security exchanges and already owns a number of exchanges around the world. Bakkt launched in September of 2019.

Bakkt partnered with multiple organizations to build its platform, including Boston Consulting Group (BCG), Microsoft and Starbucks. Bakkt’s goal is for people to use cryptocurrencies in everyday life seamlessly over its network. Furthermore, the company has partnered with major investment groups, including Fortress Investment Group, Eagle Seven, and Susquehanna International Group, with the aim of building a path for major money managers to offer bitcoin mutual funds, pension funds and exchange-traded funds (ETFs).