Bakkt launched two years ago with the vision of building trust in and unlocking the value of digital assets for institutions and consumers alike. Since then, we have been focused on delivering that vision. In 2019 we helped launch the first end-to-end regulated market for bitcoin and an institutional bitcoin custody offering too.
Today, we are pleased to announce that Bakkt has raised an additional $300 million of capital. We have also updated our website with new details about the Bakkt app scheduled to launch this summer.
Previewing Bakkt’s focus on payments in an evolving landscape
The formation of Bakkt was driven by the recognition that digital assets hold tremendous opportunity. At the same time, there was a need for trusted, compliant infrastructure to build confidence and efficiency for merchants, consumers and institutions to participate more actively. You’ve seen our efforts in our mission to “build trust in digital assets” with the successful introduction of the Bakkt Bitcoin Futures and the Bakkt Warehouse. In fact on Friday, we set another trading record of 1,179 contracts, the same week we announced bitcoin options will launch in December. With…