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Manasquan Bank selects Bakkt to offer retail clients access to cryptocurrency

ALPHARETTA, Ga.--()--Bakkt Holdings, Inc. (NYSE: BKKT), a trusted digital asset platform that enables consumers to buy, sell, send and spend a range of digital assets, today announced that Manasquan Bank, a NJ-based mutual community bank with total consolidated assets of $2.7 billion, will be participating in its early adopter program, which, when effective, will allow the bank’s retail clients to buy, sell and hold cryptocurrency through the bank’s mobile banking app.

Manasquan Bank will be making cryptocurrency access simple and approachable within the digital banking environment their clients know and trust, while ensuring the bank is participating in this expanding space with the opportunity to break into new audience segments. Bakkt’s modern digital asset platform allows banks to plug and play a crypto buy/sell/hold module which provides end clients with a seamless set up and quick access to multiple cryptocurrencies. Bakkt leverages a regulatory-first approach to safely and securely custody these assets.

Crypto assets are not insured by the FDIC, may lose value, and are not deposits or other obligations of Manasquan Bank and are not guaranteed by Hanover Community Bank.



Ann DeVries,

VP, Investor Relations


Lauren Post,

VP, Communications