Bakkt Holdings, Inc. (NYSE: BKKT) provides a regulated software-as-a-service platform connecting businesses and institutions to the digital asset economy through cryptocurrency custody, trading, brokerage, and onramp solutions; BakktX, a U.S.-regulated trading venue; and API-driven tools for loyalty and rewards redemption into crypto or cash. The company, founded in 2018 and headquartered in Alpharetta, Georgia, operates primarily in the United States with licenses in all 50 states and select international regions, targeting financial institutions, fintechs, retailers, and loyalty program providers. Bakkt maintains institutional-grade security with NYDFS BitLicense trust charter, third-party audits, and a focus on Bitcoin, stablecoins, and tokenization. In July 2025, Bakkt agreed to divest its loyalty business to Project Labrador Holdco, LLC, a subsidiary of Roman DBDR Technology Advisors, to streamline operations and prioritize crypto innovation, including agentic AI enhancements and stablecoin payments. The company completed a capital structure simplification and single-class stock transition in November 2025, alongside strengthening ties with former parent Intercontinental Exchange through board changes. Previously, Bakkt acquired Apex Crypto in 2023 for expanded B2B crypto services to fintechs and institutions.