Manasquan Bank Selects Bakkt to Offer Retail Clients Access to Cryptocurrency
21 Dezembro 2021 - 10:32AM
Business Wire
Manasquan Bank modernizes its digital banking
offerings by expanding access for clients to buy, sell and hold
cryptocurrencies
Bakkt Holdings, Inc. (NYSE: BKKT), a trusted digital asset
platform that enables consumers to buy, sell, send and spend a
range of digital assets, today announced that Manasquan Bank, a
NJ-based mutual community bank with total consolidated assets of
$2.7 billion, will be participating in its early adopter program,
which, when effective, will allow the bank’s retail clients to buy,
sell and hold cryptocurrency through the bank’s mobile banking
app.
Manasquan Bank will be making cryptocurrency access simple and
approachable within the digital banking environment their clients
know and trust, while ensuring the bank is participating in this
expanding space with the opportunity to break into new audience
segments. Bakkt’s modern digital asset platform allows banks to
plug and play a crypto buy/sell/hold module which provides end
clients with a seamless set up and quick access to multiple
cryptocurrencies. Bakkt leverages a regulatory-first approach to
safely and securely custody these assets.
“This is an incredible opportunity to provide Manasquan Bank
clients with an entry point to adopt cryptocurrency as an
additional asset option,” said Sheela Zemlin, Chief Revenue
Officer, Bakkt. “It’s clear that cryptocurrency is the center of
the Web3 economy, in which consumers can participate in new value
creation and exchange with digital assets. Bakkt is proud to roll
out new and innovative ways to this burgeoning economy, enabling a
path to buy, sell and hold crypto as an extension of the consumer’s
relationship with their trusted local bank.”
“We’re focused on driving growth and introducing new
opportunities for our clients to participate in the digital
economy,” said James Vaccaro, Chair, President and Chief Executive
Officer of Manasquan Bank. “Our developing partnership with Bakkt
to introduce these new offerings and features comes at an exciting
time when consumers continue to seek out crypto assets as an option
for the acquisition of a portfolio of cryptocurrencies even if it
is in very small increments to start, and without having to leave
their existing, trusted banking environment.”
Bakkt’s early adopter program is anticipated to launch in Q2
2022 and the bank’s participation is contingent upon the adoption
by the bank’s core financial service provider.
About Bakkt:
Bakkt is a trusted digital asset platform that enables consumers
to buy, sell, store and spend digital assets. Bakkt’s platform, now
available through the Bakkt App and to partners, amplifies consumer
spending and bolsters loyalty programs, adding value for all key
stakeholders within the Bakkt payments and digital assets
ecosystem. Launched in 2018, Bakkt is headquartered in Alpharetta,
GA. For more information, visit: https://www.bakkt.com/ | Twitter
@Bakkt | LinkedIn https://www.linkedin.com/company/bakkt/
Bakkt-C Source: Bakkt Holdings, Inc.
About Manasquan Bank:
Manasquan Bank, a mutual community bank with consolidated assets
of $2.7 billion, is headquartered in Wall Township, NJ. The Bank
has been serving New Jersey residents since 1874 and continues to
pioneer the future of banking with both traditional and digital
solutions. The bank offers a full line of personal & business
services, and operates fifteen branch locations throughout
Middlesex, Monmouth & Ocean Counties. Manasquan Bank proudly
supports community-focused, non-profit initiatives through the
Manasquan Bank Charitable Foundation. For more information, visit
www.manasquan.bank.
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version on businesswire.com: https://www.businesswire.com/news/home/20211221005404/en/
Bakkt Media Contact Lauren Post, VP – Communications
Lauren.Post@bakkt.com Manasquan Bank Contacts James Vaccaro
- Chair, President and Chief Executive Officer of Manasquan Bank
jvaccaro@manasquan.bank
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