Car discusses the Bakkt Institutional Digital Asset Summit on July 18, the testing phase is launching Monday July 22, Bakkt plans to start user acceptance testing (UAT) for its Bitcoin futures products. The first two contracts to be listed by ICE Futures U.S. are "Bakkt Bitcoin (USD) Daily Futures" and "Bitcoin (USD) Monthly Futures".

In order to provide "regulated custody in the Bakkt Warehouse, Bakkt has filed with the New York State Department of Financial Services (NYDFS) for approval to form a limited-purpose trust company that would serve as a qualified custodian of bitcoin under applicable law."

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