Bakkt Holdings, Inc. announced that Ray Kamrath was appointed as the Chief Commercial Officer of Bakkt?s crypto business. In this newly created position, Kamrath will report to Andy Main, Bakkt?s Chief Executive Officer. Kamrath will lead the company?s sales across Bakkt?s crypto business including trade, custody and institutional offerings.

Also under his remit will be marketing, strategic partnerships, client success, business development and operations, with an overall focus on scaling and growing Bakkt?s business. Kamrath joined Bakkt in December 2023 as the Head of Institutional Solutions. He is a seasoned professional with 30 years of experience in capital markets.

This is highlighted by his role at Jefferies as the Global Head of Foreign Exchange and Prime Brokerage, where he transformed the business into a riskless principal business leveraging advanced trading algorithms. He also worked at Goldman Sachs as Managing Director in Foreign Exchange, leading Sales and Global Electronic Trading. Kamrath has worked in crypto through various entrepreneurial and executive roles since 2018. He is a graduate of the University of Virginia.