Bakkt was originally incubated and majority-owned by the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, when it launched in 2018. However, over subsequent years through corporate restructuring, its public listing via a SPAC merger, and secondary equity offerings, ICE's ownership stake has diluted significantly. While ICE remains an important foundational partner and historical creator, Bakkt now operates as an independent, publicly traded entity on the New York Stock Exchange under ticker symbol BKKT, with a diverse institutional and retail shareholder base.