Bakkt completes $300mn fundraising

Bakkt announced it’s completed a $300 Million Series B financing, with investors such as Intercontinental Exchange, Microsoft’s M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, and Pantera Capital. In 2019, Bakkt helped launch the first end-to-end regulated market for bitcoin and an institutional bitcoin custody offering.

Bakkt also noted that it takes “a broad view of digital assets”, which include things as diverse as loyalty and rewards points, in-game assets, merchant stored value, and cryptocurrencies, collectively representing nearly $1 trillion in consumer spending power.

“We have the unique opportunity to leverage the technology, infrastructure and partners across our businesses to bring innovative new products to market and in doing so expand access to the global economy,” wrote Mike Blandina, CEO of Bakkt in a blog post.

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