Predict your next investment

Corporation
INTERNET | Internet Software & Services / Asset & Financial Management & Trading
bakkt.com

See what CB Insights has to offer

Founded Year

2018

Stage

Reverse Merger | IPO

Total Raised

$482.5M

About Bakkt

Bakkt (NASDAQ: BKKT) is designed to enable consumers and institutions to buy, sell, store and spend digital assets. Bakkt develops open technology to connect existing market and merchant infrastructure to the blockchain.

Bakkt Headquarter Location

5660 New Northside Dr

Atlanta, Georgia, 30328,

United States

800-322-1719

Latest Bakkt News

Point72 Venture’s crypto lead Adam Carson says the firm is gearing up to do token deals

Dec 3, 2021

Download PDF / Print December 3, 2021, 10:28AM EST · 2 min read Episode 78 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Adam Carson, Operating Partner & Crypto Investment Lead at Point72 Ventures. Listen below, and subscribe to The Scoop on  Apple ,  Spotify ,  Google Podcasts ,  Stitcher  or wherever you listen to podcasts. Email feedback and revision requests to [email protected] This episode is brought to you by our sponsors Bakkt ,  Kraken  and  Kava Bakkt® unlocks the $1.2+ trillion of digital assets that is currently held in cryptocurrencies, rewards and loyalty points, gaming assets and merchant stored value. We began in 2018 with the vision to bring trust and transparency to digital assets. Through the Bakkt Warehouse and Bakkt Bitcoin Futures and Options contracts, we serve institutional clients in an end-to-end regulated market with true price transparency. For consumers, Bakkt aggregates digital assets to enable instant liquidity and to empower users to trade, transfer and pay however they want. Visit Bakkt.com for more information About Kraken Whether you’re an experienced crypto trader or just starting out, Kraken has the tools to help you achieve financial freedom. With 50+ cryptocurrencies to choose from, industry-leading security and a wide variety of features to suit any investing strategy, Kraken puts the power in your hands to buy, sell and trade digital assets. Visit  Kraken.com  to get started today. About Kava For over four years, Kava Labs has contributed to building a portfolio of decentralized products and services that allow users to gain access to all of the benefits of DeFi. Kava connects the world’s largest cryptocurrencies, ecosystems, and financial applications on one of DeFi’s most trusted, scalable, and secure earning platforms. Kava lets you mint stablecoins, lend, borrow, earn and swap safely and efficiently across the world’s biggest crypto assets with a simple and intuitive user experience and the full confidence of institutional-grade security and quality. With a proven track record of delivering successful projects safely, the Kava Platform is DeFi’s most trusted, scalable, and secure institutional-grade cross-chain engine. advertisement On this episode of The Scoop, Adam Carson, Operating Partner & Crypto Investment Lead at Point72 Ventures, joined host Frank Chaparro for the company's first public interview to discuss its investment strategy as well as Carson’s perspectives on the convergence of fintech, Web3 and the metaverse. Point72 Ventures, an offshoot of billionaire investor Steven Cohen’s Point72 Asset Management Group, was launched in 2016 to initially focus on fintech investing but is increasingly ramping up its focus on the crypto space. Since The Block first reported in May that Steve Cohen was poised to make a big move into the market, the Mets owner has made several bets through various entities. In the interview, Carson said that the firm could invest in 5-10 crypto firms next year and might even make some token investments. "I hope that we will sort of evolve into doing more token investing," Carson said. "It's actually something that I'm thinking about and planning for right now is proposing, like how we can do token investing because right now we don't have the infrastructure set up to be able to do that." On-ramp investments For now, the firm is looking to invest in infrastructure "picks and shovels" companies that will help onboard incumbent institutions who can then in turn create on-ramps for future consumers to enter the crypto space, according to Carson. To date, Point72 Ventures has only publicly announced four crypto company investments: Messari, Zero Hash, 24 Exchange, and Massive. However, Carson announced on The Scoop that Point72 Ventures is soon to publicize its investment into a fifth company, which he mentioned was an established DeFi operation. When tokens? It's not clear exactly when Point72 will begin making token venture bets, but Carson said that the firm will have to rethink its existing investing approach to make such a move. "It's a different world and it's totally new and it's also exciting," he said, noting that such deals can close in a matter of days versus months, which is more typical in equity deals. "There's different operational and technology needs," he said. "You need to be able to custody these coins. You need to be able to move these coins." © 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Bakkt

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Bakkt is included in 6 Expert Collections, including Blockchain.

B

Blockchain

3,676 items

Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance (DeFi), NFTs, and more.

W

Wealth Tech

1,111 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

L

Loyalty & Rewards Tech

301 items

Startups allowing global brands and local shops alike to offer tech-enabled loyalty and rewards programs to their customers. This collection includes categories across loyalty software, digital loyalty & rewards, AI-powered loyalty, blockchain-powered loyalty, and more.

C

Conference Exhibitors

5,302 items

F

Fintech

7,165 items

US-based companies

B

Blockchain 50 (2020)

50 items

Bakkt Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Bakkt Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.