Bakkt Holdings, Inc. (BKKT) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.418 Greetings and welcome to the BACT Second Quarter 2025 Earnings Conference Call. 00:00:05.418 -- 00:00:09.023 At this time, all participants are in listen mode only. 00:00:09.023 -- 00:00:12.588 As a reminder, this conference call is being recorded. 00:00:12.588 -- 00:00:16.934 I'll now turn the call over to Cody Fletcher, Investor Relations Advisor of BACT. 00:00:16.934 -- 00:00:17.575 Please go ahead. 00:00:17.575 -- 00:00:20.156 Cody Fletcher, Investor Relations 00:00:22.482 -- 00:00:26.107 Advisor of BACT Hello, everyone, and thank you for joining BACT's Second Quarter 2025 00:00:26.107 -- 00:00:31.421 Earnings Call. Before we get started, I'd like to remind everyone that today's 00:00:31.421 -- 00:00:35.585 earnings call includes a separate supplemental presentation that can be found at our 00:00:35.585 -- 00:00:39.668 investor relations website at investors.bac.com. 00:00:41.272 -- 00:00:45.196 During today's call, we will make certain forward-looking statements, including statements 00:00:45.196 -- 00:00:50.162 regarding our signed commercial agreement with Distributed Technologies Research, or 00:00:50.162 -- 00:00:55.304 DTR, and the anticipated integration of DTR's stablecoin and AI 00:00:55.304 -- 00:00:59.210 payment infrastructure with BAC's regulated platform. 00:00:59.210 -- 00:01:04.819 We'll also discuss our strategic realignment into a pure play crypto infrastructure company, 00:01:04.819 -- 00:01:10.388 including the divestiture of our custody business to ICE, including expected timelines 00:01:10.388 -- 00:01:15.563 and the definitive agreement signed regarding the divestiture of our loyalty business. 00:01:15.563 -- 00:01:20.810 as well as expectations regarding the stablecoin payments market, regulatory environ...