What happens to your Bakkt accounts when you die

Bakkt Account and Hosted Wallet (opened through a partner platform)

Bakkt Funding Account

The cash account and cash wallet Bakkt provides as part of the overall customer relationship, governed by Part 2 of the user agreement (Payment Funding Services with Bakkt Financial Solutions I, LLC). Every eligible account holder must have one in good standing. It is where proceeds land when digital assets are liquidated, which makes it the account an executor is most likely to be closing out. Bakkt is not a bank: it states that digital assets held with Bakkt are not FDIC insured and not SIPC protected, and that Bakkt is not a registered broker-dealer nor a member of FINRA or SIPC. No POD or beneficiary designation is offered.

UTMA/UGMA Custodial Account

Bakkt's user agreements expressly permit a custodial account for a minor under the Uniform Transfers to Minors Act or Uniform Gifts to Minors Act. The custodian must notify Bakkt and the Correspondent in writing when the minor reaches the age of majority and facilitate transfer to the beneficial owner; the Correspondent reserves the right, but is not obliged, to terminate the custodianship and transfer the assets to the beneficial owner at majority without the custodian's notice or consent. Assets belong to the minor, so they are not part of a deceased custodian's estate — but a successor custodian must be established, and Bakkt publishes no procedure for a custodian's death.

Bakkt Markets / Bakkt Agent (B2B infrastructure)

The institutional products Bakkt sells to fintechs and financial platforms: Bakkt Markets for digital asset trading and cross-border stablecoin payments and settlement, and Bakkt Agent for embedded onboarding, virtual accounts, stablecoin rails, and global payouts. These are business contracts, not consumer accounts, and carry no estate procedure of their own. An heir encounters Bakkt through the individual account above rather than through these.