Sullivan Bank partners with Bakkt to offer crypto services to customers

ALPHARETTA, Ga.–(BUSINESS WIRE)–Bakkt Holdings, Inc. (NYSE: BKKT), a digital asset platform that unlocks crypto and builds customer loyalty to create engaging, connected experiences for a wide range of customers, announced today that Sullivan Bank has partnered with Bakkt to leverage Bakkt® Crypto Connect to soon enable Sullivan Bank customers to buy, sell and hold bitcoin and Ethereum.

“We are delighted to be working with Sullivan Bank to offer their customers the ability to purchase Bitcoin and Ether within their trusted digital banking app,” said Mark Elliot, Head of Marketing and Sales at Bakkt. “To make the experience seamless for Sullivan Bank and its customers, we provide the full strength of Bakkt’s platform, including compliance, tax reporting, educational resources, and customer service.”

“We are excited to provide clients with opportunities to access a growing and increasingly in-demand asset class with peace of mind regarding safety and regulation,” said Mallory Farrell, director of operations. “Bakkt’s innovative platform will facilitate this new capability within our existing banking platform and customers will be able to see their crypto balance as well as their checking and savings balance in one place.”

Founded in 1895, Sullivan Bank serves their communities with a mission to build strong customer relationships, improve services and explore new opportunities for customers. This partnership with Bakkt is part of Sullivan Bank’s mission to bring new opportunities to their SulliFam, better meet their needs and increase engagement.

Given the current landscape of growing interest in cryptocurrency, Bakkt® Crypto Connect offers financial institutions the tools to meet consumer demand and provide crypto access to customers without leaving their banking institution.

Crypto-assets are not FDIC-insured products and may lose value.

About Bakkt:

Bakkt is a digital asset platform that unlocks crypto and builds customer loyalty to create enjoyable and connected experiences for a wide range of customers. Bakkt’s platform, available through the Bakkt app and to partners, amplifies consumer spending and strengthens loyalty programs, adding value for all key stakeholders within the payments and asset ecosystem Bakkt digital. Launched in 2018, Bakkt is headquartered in Alpharetta, GA. For more information visit: | Twitter @Bakkt | LinkedIn

About Sullivan Bank

Sullivan Bank is a comprehensive financial institution, founded in 1895. They attribute their long and ongoing success to their Step-Up in SERVICE customer experience and core values. They understand the important role they play in the lives of their employees and customers and aim to create a culture that embodies loyalty and service. To do this, they included anyone affiliated with the bank in their SulliFam. Creating a family with the friendliest faces and the most competitive products is what a Step-Up in SERVICE is all about.

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Source: Bakkt Holdings, Inc.

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