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  "documentTitle": "Bakkt | Investor Presentation Deck | 13 slides",
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  "notes": "The slide uses a two-column layout to contrast institutional vs. consumer regulatory environments.",
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      "text": "Institutional Custody and Trading: Bakkt Trust Company LLC, ICE Futures U.S., Monetary Authority of Singapore, Bakkt Clearing, LLC.",
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      "text": "Consumer Application: Bakkt Marketplace, LLC licenses, BitLicense status, state-specific requirements, FinCEN registration.",
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