Bakkt

Atlanta, GA Fintech Public

Bakkt is a regulated financial technology company building a financial operating system for the AI and token economy. Through Bakkt Markets, Bakkt Agent and Bakkt Global, it provides regulated infrastructure for institutional digital asset trading, stablecoin settlement and cross-border payments, alongside intelligence and distribution capabilities for financial products. The company serves financial institutions, fintechs and consumer brands. Founded in 2018 as an Intercontinental Exchange venture, it listed on the NYSE in 2021 and during 2025 divested its custody and loyalty businesses to become a pure-play digital asset infrastructure platform.

Public Company

Bakkt is publicly traded

This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2018

Employees

11–50

Total Funding

$482.5M

2 rounds

Last Private Valuation

$1B

Mar 16, 2020

Secondary Signals (Note: SetterVC does not verify the accuracy of these)

1 signal
M&A Recent 11,316,775 Class A shares (~31.5% of Bakkt Share Number) plus up to 725,592 contingent shares 2026-04-30

Closed all-stock acquisition of Distributed Technologies Research (DTR), issuing ~11.3M Class A shares to build a stablecoin settlement layer

Significant share-count dilution from stock consideration; strategic pivot to stablecoin infra

Funding

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Total raised $482.5M across 2 rounds

Last updated 09-11-2026

DateRoundAmount RaisedValuationLead Investors
Mar 16, 2020 Series B CoinDesk $300M $1B Intercontinental Exchange, Microsoft M12
Dec 31, 2018 Series A CoinDesk $182.5M — Intercontinental Exchange

Leadership

  • Akshay Naheta

    Chief Executive Officer and President

  • Matt White

    Chief Financial Officer

  • Nicholas Baes

    Chief Operating Officer

  • Rémi Tuyaerts

    Chief Technology Officer

  • Ankit Khemka

    Chief Product Officer

  • Daniel Ishag

    Chief Commercial Officer

  • Marc D'Annunzio

    General Counsel

  • Cassandra Abell

    Global Head of People

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Coinbase

    Cryptocurrency exchange and custodian providing trading, custody, and payment solutions

  • Kraken

    Bitcoin exchange and trading platform focused on cryptocurrency trading and financial services

  • Gemini

    Cryptocurrency exchange and custodian platform enabling trading, sales, and storage of digital assets

  • Binance

    Global cryptocurrency exchange providing trading and custody services

  • BitGo

    Institutional cryptocurrency custody and trading infrastructure provider

  • Fireblocks

    Digital asset custody and infrastructure platform for institutional clients

Bakkt Investment FAQ

Bakkt FAQ

Bakkt completed a SPAC merger with VPC Impact Acquisition Holdings on October 15, 2021, and began trading on NYSE under ticker BKKT on October 18, 2021. The merger generated approximately $447 million in gross proceeds. ICE maintained approximately 68% economic interest at merger close and currently holds approximately 19.8% of Class A shares as of May 2026. The company changed its corporate name from Bakkt Holdings, Inc. to Bakkt, Inc. effective January 22, 2026 and continues to trade on the NYSE under the unchanged ticker BKKT.

Bakkt shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.

Bakkt had a valuation of approximately $1B at the time of its public offering. Current market capitalization fluctuates with the share price.

Bakkt raised $482.5M across 2 disclosed funding rounds prior to its public listing.

Bakkt is headquartered in Atlanta, GA.

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Data collected with AI, which can make mistakes. Please double-check this information.