The crypto trading startup, Bakkt which is Intercontinental Exchange-backed appear to have a growing curve in building robust client base of institutions for its Bitcoin custody services.
Bakkt has managed to lure over 70 institutional clients to store their BTC using the regulated Bitcoin custody services of Bakkt Warehouse.
Bakkt has partnered with the Digital Asset Risk Transfer team from insurance broker Marsh to offer clients the opportunity to buy an additional $500 million worth of coverage in addition to the existing $125 million of insurance at Bakkt Warehouse, as per a blog post by Bakkt President Adam White.
Bakkt Warehouse is a subsidiary of Bakkt Trust Company that has been developed with the cybersecurity and infrastructure as in the NYSE. The ICE acquired Digital Asset Custody Company (DACC), who renders cryptocurrency custody services to the institutional clients and token issuers holding digital assets.
With an objective of bringing digital assets mainstream, Bakkt has been striving and also acquired ‘Bridge2 Solutions’, who is a leader in the loyalty space. This suite of enterprise loyalty and merchant products has powered the redemption of more than 1.5 trillion points, helping companies put loyalty points to work for consumers. They recently associated with two of the largest financial institutions, leveraging these products to enable an additional 30+ million consumers to redeem their points for travel, merchandise, and gift cards through their platform.
Now, they lure institutions with an opportunity to buy an additional $500 million worth of coverage in conjunction with the current $125 million of insurance at Bakkt Warehouse.


Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Morgan Stanley Names Top AI Security and Data Center Stocks for 2026
Detroit’s high property taxes are driving a housing affordability crisis – how can city leaders bring down costs?
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
US Gas Market Poised for Supercycle: Bernstein Analysts
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
Global Bond Selloff Pressures Stocks as Rising Oil Prices Fuel Inflation Fears
AI-Driven Memory Chip Prices May Be Skewing U.S. Inflation Data, Fed Minutes Suggest
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 



