Bakkt Crypto Platform
Bakkt Crypto Platform allows banks to offer cryptocurrency trading to their consumers in a seamless, single sign-on experience within their existing mobile/digital platform. By adding Crypto Buy/Sell/Hold to their mobile and digital experience, banks can offer the ability to buy, sell and hold select cryptocurrencies without opening an account and transferring funds to a third-party application. This offer also allows the banks to appeal to a new generation of consumers who are interested in crypto.
Crypto has emerged as a viable asset class, with is a large swath of crypto curious consumers. This opens the doors to future revenue drivers, and it’s up to the Financial Institution’s to extend their traditional banking services to allow the users to buy, sell and hold cryptocurrencies. By offering in-app cryptocurrency access to their accounts, Bakkt avoids funds and customers bleeding, security risk, regulatory complexity, and technical challenges of in house and offers a simpler and faster that more complex integrated alternatives using exchanges.
Simple Consumer experience
Consumers can Buy/Sell/Hold in crypto directly in their banking app (seamless experience), and will fund those accounts through existing bank accounts without opening an account and transferring funds to a third-party application.
Outsource regulatory compliance & security complexity/ risk
The Bakkt solution handles all the complex compliance and regulatory requirements, including licensing, and institutional grade custody, shielding the banks from that regulation complexity and security concerns.
Faster Time to Market
The Bakkt platform will accelerate time to market by taking care of all functional aspect (KYC, onboarding, tax reports.). It is pre integrated to Fusion Digital Banking - helping these banks to provide their consumers with this solution much faster than with an in-house solution.