Valliance Bank Partners With Bakkt to Provide Crypto Exposure
Customers of Valliance Bank Can Now Buy/Sell Crypto
According to a press release on Monday, Valliance Bank will enable its customers to buy and sell cryptocurrencies easily within the bank’s digital platform via the Bakkt crypto connect solution.
Bakkt’s program, which is scheduled to launch in Q2 2022, has already received major support from several major global banks. Others looking to participate in the program include Hanover Community Bank and the New Jersey-based Manasquan Bank.
Commenting on the development, Sheela Zemlin, Chief Revenue Officer of Bakkt said:
“We’re excited to partner with Valliance Bank and to bring crypto experiences fit for the needs of their clients. Crypto has reached the masses but many are still on the sidelines unsure how to get started and looking for a convenient entry point from a relationship they already trust.”
Valliance Bank has assets that total over $580 million with five branches located between Texas and Oklahoma, in addition to its virtual bank V. BANK.
NYSE-Listed Crypto Platform
Following the footsteps of US-based cryptocurrency exchange, Coinbase Bakkt Holdings also listed its shares on the New York Stock Exchange (NYSE) in October last year.
The same month, payment giant Mastercard announced a partnership with the digital asset platform to make it easier for its merchant, bank, and fintech customers in America to provide cryptocurrency solutions and services.