Bakkt, the digital asset platform, recently launched an updated version of its custody service with advanced features. This new service is designed to provide institutional investors with a secure and reliable way to store digital assets.

The Bakkt Custody service is a secure and compliant platform that allows institutional investors to store digital assets. It is powered by a combination of advanced technology and a team of experienced professionals. The platform is designed to meet the highest standards of security, compliance, and reliability.

The new version of the Bakkt Custody service includes several new features that make it even more secure and reliable. These features include multi-signature wallets, cold storage, and an insurance policy. Multi-signature wallets allow multiple users to sign off on transactions, providing an extra layer of security. Cold storage allows digital assets to be stored offline, which provides an additional layer of security. Finally, the insurance policy provides protection against any losses due to theft or other malicious activities.

In addition to the new features, Bakkt has also implemented a number of measures to ensure the security of its customers’ digital assets. These measures include regular audits, encryption of data, and secure storage of private keys. The platform also has a comprehensive risk management system in place to help protect customers’ funds.

The launch of the updated Bakkt Custody service is a major step forward for the digital asset industry. It provides institutional investors with a secure and reliable way to store digital assets. The new features and security measures make it even more secure and reliable than before. This will help to attract more institutional investors to the digital asset space and will help to further legitimize the industry.