Digital Assets: Bakkt Now Available via Unchained’s Custody Network

Bakkt Holdings, Inc. (NYSE: BKKT) announced that the company is available now as a key agent for Unchained’s enterprise collaborative custody product.

This collaborative model helps bitcoin holders “increase security when safeguarding their assets through the use of a vault secured by multiple institutional key agents.”

As a part of the network, Bakkt will serve as “an institutional signatory for Unchained customers’ multi-signature vaults.”

Gavin Michael, CEO of Bakkt, said:

“Secure and regulated custody is at the core of our business. As a part of Unchained’s network, we’re enabling a new way to access our platform. In a time of regulatory uncertainty, large institutions are seeking multiple custody options to keep their bitcoin safe. Unchained’s unique platform makes this access simple, and this strategic collaboration is an efficient way for Bakkt to continue scaling our custody business.”

Joe Kelly, CEO and co-founder of Unchained, said:

“As a regulated custodian, Bakkt is an ideal fit for our network. Our mission is to ensure that our clients’ assets are safe, in a way that’s more secure than any other single solution. This is why we built our collaborative custody network with institutional-grade key holders like Bakkt.”

As covered late last month, Bakkt Holdings, Inc., which has been struggling to maintain operations due to a shortage of cash reserves but has acquired financial resources to keep running operations for now, and Swan Bitcoin announced that the companies have enabled Bitcoin trading across 49 U.S. states together.

Bakkt provides Swan with “a breadth of Bitcoin services, including fiat onboarding, Bitcoin trading, and custody.”

Gavin Michael, CEO of Bakkt, said:

“We are thrilled to be taking this exciting step forward in our partnership with Swan. This is just the beginning of our collaboration, as we intend to explore further growth opportunities together in the future, including expansion into international markets.”

Founded in 2018, Bakkt builds solutions that “enable our clients to grow with the crypto economy. Through institutional-grade custody, trading, and onramp capabilities, our clients leverage technology that’s built for sustainable, long-term involvement in crypto.”

Bakkt is headquartered in Alpharetta, GA.

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