Bakkt
- Company typePublic
- Founded2018
- HeadquartersAtlanta, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
Bakkt firmographics
Firmographics- Name
- Bakkt
- Legal name
- Bakkt, Inc.
- Website
- https://bakkt.com
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Bakkt industry classification
Industry- Product category
- Digital Asset Infrastructure
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- OTC Desks & Block Trading Networks (FSAPADAH)
- akta.pro secondary industries
- Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE), Interoperability & Cross-Chain Infrastructure (Bridges, Messaging, Atomic Swaps) (FSAGAMAI), Brokerages & On/Off-Ramps (fiat rails, instant buy/sell) (FSAPADAG)
Keywords
Where Bakkt is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Bakkt business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Trading & Transaction Fees: Spread/margin on crypto buy/sell conversions and transaction-based revenue from digital asset trading executed through Bakkt Markets and institutional-grade trading infrastructure. Underlying services include custody, trading, and settlement for 50+ digital assets.
- Platform / API-as-a-Service (Bakkt Markets): Recurring platform revenue from financial institutions, brokers, and fintechs embedding Bakkt's regulated trading, custody, and yield infrastructure via single API — described as a turnkey, plug-and-play solution.
- Money Transmission & Conversion Spread: Revenue from money transmission activities (50-state licensed) including spread/margin applied to virtual currency purchase/sale conversion prices quoted to customers, as disclosed in state-mandated risk disclosures.
- Agent / Programmable Money & Cross-Border Payment Fees: Revenue from Bakkt Agent-enabled cross-border payments and programmable money movement across 36+ payout currencies and 10 blockchain networks; targets stablecoin-rails payment products and yield-bearing accounts.
- Investment Gains & Strategic Asset Value Accretion: Income from Bakkt Global minority investments (e.g., Bitcoin Japan Corporation TSE:8105, Transchem Limited India warrants) including mark-to-market gains (2.8x on Bitcoin Japan, 4.7x on Transchem warrants) and potential recurring revenues from these holdings.
- Licensing-as-a-Service / Authorized Agent Fees: Revenue from partners (e.g., Zoth, Nexo) operating under Bakkt Financial Solutions I, LLC's US regulatory umbrella as Authorized Agents, paying for access to the regulated counterparty framework.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Quote-based / Not publicly disclosed enterprise pricing |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels6 records
Bakkt product offering
Product offeringCore offering
Bakkt builds and operates a regulated digital asset infrastructure platform composed of three engines: Bakkt Markets (institutional-grade custody, trading, and settlement for 50+ digital assets via single API under a 50-state US licensing footprint and New York BitLicense), Bakkt Agent (an AI-powered programmable money and finance layer built on an intelligent multi-agent swarm with MCP-server endpoint, supporting voice/chat/file inputs and multi-chain stablecoin rails across 10 blockchains and 36+ payout currencies), and Bakkt Global (international expansion through minority investments in AI, Bitcoin-treasury, and real-world asset tokenization). Customers are primarily financial institutions, fintechs, brokerages, and cross-border payment providers that need turnkey, licensed digital asset, stablecoin, and AI-driven finance infrastructure without building in-house.
Product overview
Bakkt operates a platform-plus-modules architecture organized into three core engines — Bakkt Markets (institutional-grade regulated trading and custody infrastructure with 50-state licensing and BitLicense), Bakkt Agent (an AI-powered programmable money and finance layer built on an intelligent multi-agent swarm accessible via MCP server, expected to launch Q3 2026), and Bakkt Global (international expansion through AI, Bitcoin-treasury, and RWA tokenization investments). These sit on top of Bakkt Core, which provides virtual accounts, global payment rails, and multi-chain stablecoin infrastructure. The platform is delivered through the regulated operating entity Bakkt Financial Solutions I, LLC (NMLS #1890144, BitLicense holder, FinCEN MSB), and is reinforced by the April 2026 acquisition of Distributed Technologies Research (DTR), whose AI-native agentic payments and stablecoin engine extend Bakkt's capabilities into 24/7 digital settlement and cross-border stablecoin payment corridors.
Differentiator
Problem solved
Functional benefit
Brands
- Bakkt Markets: Institutional-grade digital asset trading, liquidity, and regulated custody platform with 50-state licensing footprint and a New York BitLicense; includes Bakkt Institutional and Bakkt f(x) services.
- Bakkt Agent
- Bakkt Global
Products and services
- Bakkt Markets Turnkey, institutional-grade digital asset trading platform offering fully regulated, SOC 2-compliant infrastructure with 50+ listed assets, a 50-state licensing footprint, and a New York BitLicense. Enables fintechs, brokers, and financial institutions to embed custody, trading, settlement, yield, and reporting capabilities through a single API, eliminating in-house development. Includes Bakkt Institutional and Bakkt f(x) services.
- Bakkt Agent AI-powered programmable money and finance platform that exposes Bakkt Core infrastructure (virtual accounts, global payment rails, multi-chain stablecoin support) through an intelligent multi-agent swarm via a single endpoint / MCP server. Supports voice, chat, and file-based interactions for launching payment products, high-yield accounts, and internal finance automation in hours, with built-in AML/KYC and SOC 2 compliance.
- Bakkt Global International expansion catalyst, focused on AI investments, a Bitcoin-backed treasury, and real-world asset tokenization through minority investments in high-growth, liquid markets. Notable investments include Bitcoin Japan Corporation (Tokyo Stock Exchange: 8105) and Transchem Limited (India).
- Distributed Technologies Research (DTR) Acquired by Bakkt on April 30, 2026, DTR provides global stablecoin payment infrastructure and an AI-native agentic payments engine. Its technology integrates with Bakkt's regulated institutional infrastructure to enable 24/7 digital settlement through stablecoins, supporting cross-border payment corridors across South Asia, MENA, and Sub-Saharan Africa. Powers the wallet-to-bank transfer service used by Oobit.
Quantifiable outcome
- 50-state US licensing footprint plus New York BitLicense (NMLS #1890144)
- +6 more outcomes
Companies that use Bakkt
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles4 records
Bakkt technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability15 records
Feature6 records
Bakkt partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered flagship — primary international payments partner, core — dtr-powered distribution channel, flagship — first major us re-entry partnership under bakkt markets, flagship — strategic acquisition (now wholly owned), minor — partner logo, core — dtr-powered customer, core — new york market entry partner and core — custody infrastructure partner.
- Zothflagship — primary international payments partnerMOU establishing a strategic partnership for compliant cross-border stablecoin payments across South Asia, MENA, and Sub-Saharan Africa. Zoth operates as an Authorized Agent within Bakkt Financial Solutions I, LLC's US licensing structure. Target: $1B annualized payment volume across USA-South Asia, USA-Philippines/Nigeria, USA-Middle East, UAE-South Asia corridors.
- Oobit (Tether-backed)core — dtr-powered distribution channelOobit's crypto-to-bank transfer service uses DTR infrastructure (now part of Bakkt) for fiat conversion and settlement across SEPA (Europe), ACH (US), and SPEI (Mexico). Tether is a notable backer of Oobit.
- Nexoflagship — first major us re-entry partnership under bakkt marketsNexo re-entered the US market in 2026 using Bakkt's US trading infrastructure, money transmitter licenses, and New York BitLicense. Bakkt provides regulated trading infrastructure and license coverage; Nexo layers yield, exchange, credit lines, and loyalty products for its end customers.
- Distributed Technologies Research (DTR)flagship — strategic acquisition (now wholly owned)Bakkt agreed to acquire DTR for ~9,128,682 Class A shares (31.5% of Bakkt share count) in a stock-for-stock deal, completed April 30, 2026, by issuing 11,316,775 shares (plus up to 725,592 additional). DTR's AI-native engine and stablecoin compliance stack power Bakkt's programmable money and 24/7 settlement layer; DTR CEO Akshay Naheta became Bakkt CEO.
- Webullminor — partner logoWebull logo displayed on Bakkt's homepage partner wall, indicating a commercial/technology relationship.
- Blockchain.comminor — partner logoBlockchain.com logo displayed on Bakkt's homepage partner wall, indicating a commercial/technology relationship.
- Oobitcore — dtr-powered customerTether-backed crypto payments app whose crypto-to-bank transfer service is powered by Distributed Technologies Research (DTR) infrastructure, now part of Bakkt. Supports SEPA, ACH, and SPEI.
- Longbridgeminor — partner logoLongbridge logo displayed on Bakkt's homepage partner wall.
- ascendEXminor — partner logoascendEX logo displayed on Bakkt's homepage partner wall.
- Swan Bitcoincore — new york market entry partnerSwan Bitcoin is now fully operational in New York, offering Bitcoin wealth management services (custody, trades, retirement accounts) leveraging Bakkt's infrastructure for compliance and operations.
- Fireblockscore — custody infrastructure partnerFireblocks Trust has signed Bakkt (along with Castle Island, Galaxy, and FalconX) as a digital asset custody client, providing custody technology services that complement Bakkt's regulated institutional offering.
Scale indicators16 records
Recent moves7 records
Expansion highlights6 records
Bakkt competitors and assessment
Company assessmentDirect peers
- Ripple: Provider of cross-border payments infrastructure (RippleNet) and the RLUSD stablecoin. Directly comparable to Bakkt's stablecoin-powered cross-border payment corridors and Authorized Agent distribution model.
- Galaxy Digital: Digital asset financial services platform spanning trading, asset management, and mining. Comparable to Bakkt in institutional crypto exposure and to Bakkt Global in international expansion via minority investments.
- Circle: Issuer of USDC stablecoin and operator of regulated payment and treasury infrastructure. Direct competitor to Bakkt's stablecoin settlement and cross-border payment rails, and to Bakkt Agent's programmable money layer.
- Paxos: Regulated stablecoin issuer (USDP, PYUSD) and digital asset custodian with NYDFS trust charter. Closely comparable to Bakkt Markets in regulated custody, tokenization, and stablecoin-as-a-service offerings.
- Anchorage Digital: Federally chartered crypto bank providing institutional custody, trading, and stablecoin issuance. Comparable to Bakkt Markets in regulated institutional infrastructure and to Bakkt Global in international expansion (Anchorage Digital Singapore, etc.).
- Coinbase: Largest US-regulated crypto exchange and institutional custody provider. Directly comparable to Bakkt Markets across institutional trading, custody, and staking; both compete for fintech and broker-dealer API integrations and have pursued stablecoin and payment-rail strategies.
- Fireblocks: Institutional digital asset custody, settlement, and tokenization platform. Bakkt is both a partner and direct competitor in serving banks, brokerages, and fintechs with custody and transfer infrastructure; Fireblocks' custody stack competes head-to-head with Bakkt Markets.
- BitGo: Institutional-grade digital asset custody and prime brokerage, listed as a Bakkt partner and competitor. Comparable across custody, staking, and trading infrastructure for institutions and fintechs.
Broad incumbents
- Stripe (Bridge): Global payments platform that acquired Bridge to build stablecoin-rail infrastructure. Competes with Bakkt Agent in programmable money movement and with Bakkt's multi-chain stablecoin core on cross-border rails, but at vastly greater scale and with a much broader merchant base.
- Robinhood: Retail brokerage with crypto trading, custody, and a developer API. Overlaps with Bakkt Markets for retail-facing brokers and fintechs but operates at much greater scale and with a broader product portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Bakkt social profiles
Digital presenceBakkt compliance and trust
Trust signalCompliance6 records
Bakkt financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bakkt leadership team
Management profileNumber of profiles
Profiles11 records
Bakkt subsidiaries and ownership
Company hierarchySubsidiaries5 records
Bakkt funding detail
Funding detailFunding overview
Funding rounds7 records
Investors16 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bakkt M&A and investment
M&A and investmentM&A5 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bakkt
What does Bakkt do?
Bakkt builds and operates a regulated digital asset infrastructure platform composed of three engines: Bakkt Markets (institutional-grade custody, trading, and settlement for 50+ digital assets via single API under a 50-state US licensing footprint and New York BitLicense), Bakkt Agent (an AI-powered programmable money and finance layer built on an intelligent multi-agent swarm with MCP-server endpoint, supporting voice/chat/file inputs and multi-chain stablecoin rails across 10 blockchains and 36+ payout currencies), and Bakkt Global (international expansion through minority investments in AI, Bitcoin-treasury, and real-world asset tokenization). Customers are primarily financial institutions, fintechs, brokerages, and cross-border payment providers that need turnkey, licensed digital asset, stablecoin, and AI-driven finance infrastructure without building in-house.
Is Bakkt a public or private company?
Bakkt is a public company. It is classified as public and is currently operating.
When was Bakkt founded?
Bakkt was founded in 2018. It employs 51 to 100 people.
Where is Bakkt based?
Bakkt is headquartered in Atlanta, United States, in the North America region.
How does Bakkt make money?
Six revenue lines are on record. Trading & Transaction Fees are the primary driver. The others are platform / API-as-a-Service (Bakkt Markets), money Transmission & Conversion Spread, agent / Programmable Money & Cross-Border Payment Fees, investment Gains & Strategic Asset Value Accretion and licensing-as-a-Service / Authorized Agent Fees.
Who are Bakkt's main competitors?
Direct peers on record are Ripple, Galaxy Digital, Circle, Paxos, Anchorage Digital, Coinbase, Fireblocks and BitGo. Broad incumbents are Stripe (Bridge) and Robinhood.
Does Bakkt have an API?
Yes. Bakkt offers a single API for embedding digital asset functionality (trading, transfers, yield, reporting) into partner platforms, eliminating the need for multiple vendors. The Bakkt Agent product exposes its intelligent agent swarm through an MCP (Model Context Protocol) server, accepting voice, chat, and file uploads through one endpoint to give partners access to Bakkt Core infrastructure including virtual accounts, global payment rails, and multi-chain stablecoin infrastructure. Compliance features (AML/KYC) and SOC2-certified security are built in. Developer documentation is at bakkt.readme.io.
What industry is Bakkt in?
Bakkt's product category is Digital Asset Infrastructure. Its primary akta.pro industry code is FSAPADAH, OTC Desks & Block Trading Networks, with a secondary code of FSAPAIAE, Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls). Its NAICS code is 5231 and its SIC code is 6200.