DFSRegulated
United States Crypto Asset Exchange License (CEX)
Bakkt
Regulated in United States
Crypto Asset Exchange License (CEX)
Basic Information
Country/RegionUnited States
Exchange AbbreviationBakkt
Company NameBakkt Financial Solutions I, LLC
Operating Period5-10 years
Websitehttps://www.bakkt.com/
Exchange TypeDecentralized Exchange
RiskNotice
1 risk alerts
NMLSRegulated
United States Crypto Asset Transfer License (MTL)
- License No.
- 1890144
- Licensed Entity
- Bakkt Financial Solutions I, LLC
Exchange Overview
Exchange Overview
Bakkt® unlocks the $1.2+ trillion of digital assets that is currently held in cryptocurrencies, rewards and loyalty points, gaming assets and merchant stored value. Merchants within the Bakkt ecosystem see a lower cost of payment acceptance, enhanced customer engagement, and decreased loyalty liability through a variety of redemption options.
Business Region
InfluenceC0
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News
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Bakkt Jumps 17% as Benchmark Lifts Target, Extending 170% Two-Week Rally
Bakkt Holdings (BKKT) shares jumped 17% on Tuesday, extending a two-week rally that has seen the stock rise more than 170%. The surge followed Benchmark Companys decision to more than triple its 12-month price target to $40. It marked the first time Bakkt crossed the $30 threshold since January, a sharp reversal for a company that had struggled below $10 for much of the year. Investors are betting that a combination of new leadership, treasury expansion, and streamlined operations can restore credibility to the digital asset platform. Bakkt Analyst Upgrade Sparks Investor Optimism Benchmark analyst Mark Palmer described Bakkt as “an attractive buy” even after its rapid appreciation, citing growth potential across crypto custody, stablecoin payments, and treasury management. He noted that the companys valuation remains modest compared to peers such as Coinbase and Robinhood. Founded in 2018 by Intercontinental Exchange, Bakkt provides crypto custody, trading, and payments infrastructure for institutions and enterprises. “BKKT remains an attractive buy even after its sharp run-up, as it continues to trade at valuations far below its growth potential and peers,” Palmer said. Palmer also praised the recent appointment of veteran investor Mike Alfred to Bakkt‘s board, arguing that his experience in scaling fintech firms will add rigor to
Vietnam Pilots Crypto Exchange and Bakkt Expands, and More
Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space. Vietnam launches an international financial center with a crypto exchange pilot program by year-end. Bakkt enters Japan with bitcoin.jp rebrand. Chainlink launches US equities data. Nomuras Dubai derivatives license secured. Vietnam to Pilot Crypto-Asset Exchange at International Financial Center Vietnam advances crypto regulation as Prime Minister Pham Minh Chinh announced the International Financial Center will be operational by year-end 2025, featuring digital asset trading platforms. Deputy Governor Pham Tien Dung revealed Vietnam has established comprehensive legal foundations for digital assets during the GM Vietnam 2025 conference. The Digital Technology Industry Law, passed in June 2025, officially recognizes crypto assets as distinct from virtual assets, taking effect January 2026. The Ministry of Finance submitted a pilot resolution for crypto asset trading floors using blockchain technology as the core infrastructure. Vietnam has a 21.2% crypto ownership rate globally, with over 21 million citizens holding digital assets worth more than $ 100 billion annually. The regulatory sandbox will operate in Ho Chi Minh City and Da Nang, potentially attracting major exchanges. South Koreas Upbit is already exploring Vietnamese market entry, signaling
Bakkt spins yarn into Bitcoin with 30% stake in Japans Marusho Hotta
The deal marks Bakkts latest pivot toward becoming a crypto treasury company, with a 30% stake in Tokyo-listed Marusho Hotta and plans to rebrand it as bitcoin.jp. Digital asset custodian and trading company Bakkt is finalizing a minority acquisition of Japanese company Marusho Hotta, marking a strategic step in its transformation into a crypto treasury business backed by Bitcoin and other digital assets. As part of the deal, Bakkt announced plans to acquire a 30% stake in Marusho Hotta, a publicly listed company that manufactures specialty yarns for domestic and international markets. The company will be renamed “bitcoin.jp,” signaling a likely pivot toward operating as a Bitcoin (BTC) treasury vehicle. Marusho Hotta trades under the ticker symbol 8105 on the Tokyo Stock Exchange. Its stock surged more than 36% on Wednesday, likely in response to the acquisition news. Before the announcement, Marusho Hotta was effectively a penny stock, with shares rarely trading above 60 yen, or approximately 41 cents. Marusho Hotta stock, priced in Japanese yen. Source: Google Finance In addition to targeting Japan for international expansion, Bakkt operates in several regions, including Latin America and other parts of Asia. The minority stake appears part of Bakkts ongoing strategy to reposition itself as a pure-play crypto infrastructure
