Bakkt Results Presentation Deck

Our custody platform is comprehensive and uncompromising Recent market events have highlighted the difficulty in storing digital assets safely and the need for multi-custodian access and secure self-custodial functionality Our secure, compliant and trusted custody platform is comprehensive and uncompromising Unparalleled protection and complete customer control over their assets Multi-layered technology combines the latest breakthroughs in MPC cryptography with hardware isolation, ensuring that customer funds are secure from cyber attacks, internal collusion, and human error Significant increase in new client activity Successfully signed new clients; late-stage negotiations with multiple prospects in mining, family office, registered investment advisors and corporate treasury industries Qualified sales opportunities up ~10x in 1H23 vs. 2H22 Custody platform generates stable recurring platform fees as well as AUC based revenue ● INSTITUTIONAL-GRADE CUSTODY PLATFORM Bakkt Trust Company LLC is an NYDFS Qualified Custodian Comprehensive security controls, regularly clean SOC 1 Type Il reports Warm and Cold wallet storage, $125mm insurance policy Allowlisting management for transfer ease and peace of mind Regulatory compliance and sophisticated blockchain forensics Cyber and physical security protocols with 24/7 response support Key management with MPC technology Streamlined user management and consensus protocols

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