Bakkt is a platform that aims to bridge traditional finance and digital assets. Founded in 2018, it was created by the Intercontinental Exchange (ICE), which operates major financial markets.

The platform allows users to buy, sell, and store a variety of digital assets, including Bitcoin. Bakkt gained attention for its physically settled Bitcoin futures contracts, which means that when a contract expires, the actual Bitcoin is delivered to the buyer rather than a cash equivalent.

This feature enhances the legitimacy and usability of Bitcoin in financial markets. Additionally, Bakkt offers features like a mobile app for consumers to spend their digital assets at everyday retailers. This could help facilitate greater use of cryptocurrencies in daily transactions. Overall, Bakkt serves as a comprehensive ecosystem for trading and utilizing digital assets, appealing to both institutional investors and individual consumers. Its approach aims to increase trust and accessibility, promoting wider adoption of digital currencies.