Bakkt BitLicense
Bakkt’s New York BitLicense, from the NYDFS register.
- Legal name (NYDFS)
- Bakkt Financial Solutions I, LLC
- Approval
- BitLicense + money transmitter license
- Approved (as published)
- March 11, 2021
- Status
- Active
- Approved activities
- buy and sell virtual currency
Bakkt Financial Solutions I, LLC is licensed by the New York State Department of Financial Services (NYDFS) as a virtual currency business, approved on March 11, 2021. NYDFS also lists it as a licensed money transmitter.
What NYDFS approved. Buy and sell virtual currency.
Status note. Renamed: Bakkt Marketplace, LLC → Bakkt Crypto Solutions, LLC → Bakkt Financial Solutions I, LLC.
Questions
Does Bakkt have a BitLicense?
Yes. NYDFS lists Bakkt Financial Solutions I, LLC as holding a virtual currency license, granted March 11, 2021.
What does a BitLicense mean for customers?
A BitLicense is New York’s license for virtual currency business activity with New York residents, such as exchange, custody or transfer services.
Browse all firms in the NYDFS BitLicense list.
- Brand
- Bakkt
- Approved
- NYDFS announcement
- dfs.ny.gov
- Company website
- bakkt.com
- NYDFS register
- dfs.ny.gov
- Sources
Source Link NYDFS register of virtual currency businesses https://www.dfs.ny.gov/virtual_currency_businesses Approval announced March 11, 2021 https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202103111 Name change (notice dated April 10, 2025); the separate Apex-origin Bakkt Crypto Solutions license was surrendered https://www.dfs.ny.gov/virtual-currency/notice-of-vol-surrender-bakkt-crypto
Source: the NYDFS list of regulated virtual currency businesses and NYDFS announcements, linked on each record. NY Presswire is not affiliated with NYDFS; the NYDFS register is the official record.