Bakkt

Bakkt's digital-asset custody sits inside the Bakkt Trust Company, a qualified custodian regulated by the New York Department of Financial Services. Its bitcoin futures and options products have been listed on ICE Futures US and cleared at ICE Clear US, both under CFTC oversight. That dual state-federal regulatory footprint distinguishes Bakkt from crypto-native firms that lack federally regulated clearing infrastructure.

Bakkt was incubated by Intercontinental Exchange, which owns the New York Stock Exchange and multiple clearing houses. ICE launched Bakkt in 2018 and remains a significant investor, but Bakkt operates as an independent publicly traded company following its October 2021 SPAC merger. The ongoing relationship includes a clearing agreement for futures contracts.

Bakkt Trust Company custody supports bitcoin and ether. The firm's trading platforms have historically centered on physically delivered bitcoin products. Bakkt has indicated plans to add support for additional digital assets, but confirmed custody coverage as of the latest public disclosures remains limited to BTC and ETH.

Bakkt is an institutional digital-asset infrastructure company, not a family office. It is a publicly traded firm (NYSE: BKKT) that provides custody, trading, and loyalty redemption services to banks, asset managers, corporate treasuries, and consumer loyalty programs. It does not manage a proprietary investment pool on behalf of a family or individual.

Bakkt has offered both spot institutional trading and derivatives. The derivatives side includes physically delivered bitcoin monthly futures and options cleared through ICE Clear US. Bakkt also launched a spot institutional trading platform, Bakkt Warehouse, allowing clients to trade directly from custody.