Bakkt Holdings announced a partnership with Nexo, a global digital‑assets wealth platform, that will give Nexo access to Bakkt’s U.S. trading infrastructure. The deal is part of Bakkt’s Markets initiative and will allow Nexo to resume U.S. operations by leveraging Bakkt’s nationwide money‑transmission licenses and New York BitLicense.
The partnership gives Nexo a compliant, regulated platform to offer its clients spot trading, yield programs and crypto‑backed credit lines. Nexo had withdrawn from the U.S. market in late 2022 after a $45 million settlement with the SEC and state regulators over its “Earn Interest Product.” The return is enabled by clearer regulatory guidance and Bakkt’s established licenses.
Bakkt’s strategy has shifted toward a pure‑play crypto‑infrastructure model. The company has divested non‑core businesses, focused on regulated trading and payments, and recently agreed to acquire Distributed Technologies Research Ltd. (DTR) in an all‑stock transaction. The Nexo partnership expands Bakkt’s institutional client base and reinforces its position as a leading U.S. crypto‑infrastructure provider.
The announcement was well received by investors, who viewed the partnership as evidence of Bakkt’s growing regulatory footprint and its ability to attract high‑profile institutional partners in the digital‑asset space.
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