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Qualified Custody
An NYDFS Qualified Custodian owned by
a publicly-traded crypto company, Bakkt's custody platform is built to mitigate risks for institutions.
Safeguard your digital assets with a reliable Qualified Custodian.
At Bakkt, we focus on security so that you can focus on your business.
In addition to high-grade security and operational controls, our platform offers insurance to help protect assets against potential loss, completed SOC 1 Type II reports and AML policies, and an Independent Trust Structure for mitigating regulatory risk.
Secure wallet key management
Key management with Multi-Party Computation (MPC) technology. Segregated wallets with warm and cold storage, and addresses viewable on chain.
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Disaster resiliency
Geographically distributed data centers. Secondary facilities capable of supporting all production workloads.
Secure wallet key management
Key management with Multi-Party Computation (MPC) technology. Segregated wallets with warm and cold storage, and addresses viewable on chain.
Disaster resiliency
Geographically distributed data centers. Secondary facilities capable of supporting all production workloads.
FAQs
Which assets does Bakkt Custody support?
Today, Bakkt Custody supports Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), Shiba Inu (SHIB), Litecoin (LTC), and USD Coin (USDC). Bakkt maintains a Listing Policy that has been authorized by the New York Department of Financial Services and will continue to consider additional coin options that adhere to the Listing Policy to meet our clients' needs.
What type of wallets does Bakkt Custody support?
Our custody solution offers both warm and cold wallet storage with a combined $125m insurance policy. Our clients’ assets are maintained in segregated wallets, never co-mingled with company assets. We take pride in being a crypto custody provider that uses comprehensive and proven methods to safeguard your funds, and our wallet protocols are a key part of that.
What is the Bakkt Custody withdrawal process?
Bakkt Custody’s withdrawal process is designed for ease and security. A client’s internal consensus for any withdrawal request must be reached within the organization, followed by a review from Bakkt Support which is typically processed within one business day. There is also a 48-hour holding window as an additional security measure for newly Allowlisted addresses. Clients are notified via email once withdrawals have gone through. Our crypto custody services take a sophisticated approach to risk management, and safeguarding protocols are embedded throughout the platform.
What is Bakkt’s approach to risk and security?
We’re glad you asked. Bakkt has a three-pronged approach to security that encompasses Systems, Operations, and Facilities. From the daily activities of our team members, to carefully executed digital verification methods, our custodial solution embraces security at every level. Read about our comprehensive approach to risk management.
How does Bakkt optimize Disaster Resiliency plans?
At Bakkt, we understand that Disaster Resiliency is key to managing digital assets responsibly. To this end, our highly available platform is replicated in real time to secondary regions capable of supporting all production workloads. Our crypto custody service is built from the ground up to offer a safe and secure environment for managing funds—even when the unexpected occurs.