Bakkt
Bakkt Trust Company LLC is a licensed custodian providing institutional-grade crypto custody services across all 50 states and select international regions, ensuring high security and compliance without commingling or rehypothecating customer assets.
Company Overview of Bakkt
Bakkt operates under Bakkt Trust Company LLC, a qualified custodian regulated by the New York Department of Financial Services (NYDFS). The company provides institutional-grade custody solutions with robust multi-layered security measures. It offers segregated wallet management, ensuring that client assets are never commingled with company assets, and maintains round-the-clock security operations, as well as incident response protocols across cybersecurity and multi-zone physical storage.
Bakkt's Security Measures
Bakkt is dedicated to ensuring the security of its clients' assets through comprehensive controls and regular Service Organization Control (SOC) reports. The company implements a strict policy where customer crypto is neither lent out nor rehypothecated. To enhance security, Bakkt engages in third-party audits and upholds proper licenses and certifications for business operations. Additionally, a collaborative custody model with Unchained allows clients to control a key while distributing the remaining keys.
Regulatory Compliance and Licensing
Bakkt is licensed to store cryptocurrency on behalf of customers across all 50 states in the United States and select international regions. The company adheres to rigorous regulatory standards as an NYDFS qualified custodian. This compliance ensures that it can offer reliable custody solutions while meeting the highest industry standards for security and operational integrity.
Bakkt's Custody Solutions
Bakkt provides secure, seamless crypto integration through an institutional-grade custody platform. This platform supports a collaborative custody model in partnership with Unchained, allowing clients to maintain control of a key while other keys are managed securely. The custody solutions offered by Bakkt feature multi-layered security, comprehensive controls, and regular audits, ensuring that client assets are securely stored and managed.