CryptoMediaClub
Sunday, October 26, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Bakkt Renews Focus on Crypto Custody Solutions as Client Interest Surges

12.08.2023
A A
0
123
VIEWS
ShareShare

Digital asset platform Bakkt Holdings is refocusing on its cryptocurrency custody solutions due to recent market events and increased client interest.

In a Q2 earnings report, Bakkt touted its “compliant and trusted” custody platform, citing the current need for multi-custodian access and self-custodial functionality due to clients’ difficulty in storing digital assets safely.

Bakkt Renews Focus on Crypto Custody

Bakkt Custody was a core part of the firm’s business before its public listing in October 2021. By May 2020, the company had expanded its institutional custody solution to serve over 70 clients and struck several partnerships with major financial institutions.

The platform also partnered with insurance broker Marsh to offer customers coverage of more than $500 million in addition to the $125 million already in place at the custody solution.

However, Bakkt shifted its focus to retail payments following several business and management changes after it went public. The company’s renewed push into custody comes months after it acquired crypto brokerage service provider Apex.

ADVERTISEMENT

The digital asset platform has signed new clients to Bakkt Custody and is engaged in late-stage negotiations with multiple prospects across broad client verticals. Bakkt’s qualified sales opportunities have increased by ten times, and the custody platform generates stable recurring fees.

With time, Bakkt intends to introduce additional features like yield-generating opportunities, including institutional staking. The custody platform would also add new blockchain networks and create a foundation for hot wallets.

Bakkt Taps Fireblocks

In line with the renewed focus on custody, Bakkt entered a multi-faceted collaboration with institutional digital asset custody firm Fireblocks. Through the partnership, Bakkt’s clients will maintain control of their private keys with the Fireblocks Off-Exchange solution. On the other hand, Fireblocks Off-Exchange customers will gain access to Bakkt’s Disaster Recovery Services.

“We have integrated Fireblocks’ battle-tested custody technology to fortify our custody offerings, leveraging their new-to-market self-hosted keys product that enables us to control and manage all MPC key shares across multiple services in our data centers and cloud. We will continue to work closely with Fireblocks to jointly deliver additional capabilities to the market,” the firm said.

Meanwhile, Bakkt generated net revenue of $13.6 million in Q2, indicating a 60% increase year over year, and trimmed its net loss by 13% from the same period last year to $27.6 million.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share9Tweet6ShareSharePin2

Related Posts

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout
All news

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
0

During the European session, Ethereum (ETH) is showing a slightly bullish bias, trading at around $3,984 level with a 24-hour...

Read moreDetails
XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

26.10.2025
Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

26.10.2025
Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

26.10.2025
Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

26.10.2025
Load More
Next Post
CBDCs – The Ultimate Tool for the Global Economy or a Significant Danger to Financial Stability

CBDCs – The Ultimate Tool for the Global Economy or a Significant Danger to Financial Stability

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Tether 24 hour trading volume surpasses Bitcoin, Solana, USDC and Ethereum combined

Tether 24 hour trading volume surpasses Bitcoin, Solana, USDC and Ethereum combined

1 year ago
Pudgy Penguins NFTs Witnesses Over 500% Surge in Trading Volume

Pudgy Penguins NFTs Witnesses Over 500% Surge in Trading Volume

2 years ago
Countdown Begins: BTCBULL Presale Enters Explosive Final 26 Days 

Countdown Begins: BTCBULL Presale Enters Explosive Final 26 Days 

5 months ago
Binance and Bybit Closer to Becoming Kazakhstan’s First Regulated DATFs

Binance and Bybit Closer to Becoming Kazakhstan’s First Regulated DATFs

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

72-Hour Countdown: Snorter Bot Token Must Sell Out Before Claim Goes Live

Fed Rate Cut Odds Jump to 97% as CPI Comes in Cool at 3% – Bullish for BTC?

World Still Not Off the Hook: Thai SEC Raids Iris Scanning Hub Over WLD Token Breach

Bitcoin Set to Explode to $180K as Global Money Floods In: VanEck CEO

Trending

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout
All news

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
0

During the European session, Ethereum (ETH) is showing a slightly bullish bias, trading at around $3,984 level...

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

26.10.2025
Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

26.10.2025
Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

26.10.2025
Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

26.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz