Bakkt Joins Unchained Network for Enhanced Cryptocurrency Storage Solutions
Bakkt Holdings, Inc. has joined Unchained’s pooled custody network to provide enhanced security and regulated custody for Bitcoin assets.
In the evolving digital asset landscape, security and compliance remain of utmost importance for institutions handling cryptocurrencies. Bakkt Holdings, Inc. (NYSE: BKKT), a trusted digital asset platform, announced its integration into Unchained’s co-custodian network. This strategic move strengthens Bakkt’s institutional-grade custody services, providing a robust multi-signature custody solution for Bitcoin assets.
Since its founding in 2018, Bakkt has been at the forefront of providing secure and scalable solutions to customers exploring the cryptocurrency economy. The collaboration with Unchained Capital, a prominent Bitcoin financial services company, marks a significant moment in the expansion of Bakkt’s custody services. Together, they aim to provide superior protection for digital assets.
Unchained’s unique model provides multi-signature storage secured by key agents from multiple institutions. Integrating Bakkt as a core delegate and institutional signer strengthens the security framework to address the needs of large institutions requiring multiple custody options amid regulatory uncertainty.
Gavin Michael, CEO of Bakkt, emphasizes the importance of safe and regulated storage as core to the business. “With the regulatory environment in flux, our customers are seeking a variety of solutions to protect their Bitcoin holdings. Our participation in Unchained’s network is a testament to our commitment to providing innovative access platforms and expanding our management capabilities,” said Michael.
Joe Kelly, CEO and co-founder of Unchained, expressed confidence in Bakkt’s role within the network. “Bakkt’s reputation as a regulated custodian aligns perfectly with our mission to provide the most secure asset protection beyond the security of single-entity solutions,” Kelly added.
This collaboration is not just a technological advancement, but also a strategic adjustment that reflects the growing demand for sophisticated cryptocurrency storage solutions. As digital assets continue to gain mainstream acceptance, these partnerships are critical to building the infrastructure needed for secure asset management in the blockchain space.
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