Bakkt, Inc.

Bakkt, Inc. builds digital financial infrastructure to support institutional participation in the digital asset economy. Founded in 2018, the company's platform enables transactions in supported digital assets, which include virtual currencies, coins, cryptocurrencies, stablecoins, and other tokens. Bakkt serves businesses, referred to as clients, which include financial institutions, hedge funds, merchants, retailers, and third-party partners. These clients use Bakkt's services to provide their own customers, who are individual users of the platform, with the ability to transact in digital assets and maintain accounts. During fiscal year 2025, Bakkt underwent a strategic transformation, divesting non-core assets, simplifying its corporate and capital structure, and investing in infrastructure for its core platform. This transformation aims to improve operating efficiency, align the business with its long-term strategy, and position it to scale its technology and services. Bakkt's long-term strategy is to build and scale an integrated financial infrastructure platform through its three solutions: Bakkt Markets, Bakkt Agent, and Bakkt Global.