Bakkt Raises Annual Transaction Volume Target to $3 Billion
The platform is expanding its digital asset and credit-card-as-a-service offerings to capture more cross-border payment volume.
Updated on Oct. 16, 2026 in Financial Services
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Bakkt increased its full-year transaction-volume target by 20% to $3 billion on September 9, 2026. This move follows a strategic pivot focused on digital asset integration and a new credit-card-as-a-service partnership with Thredd.
Why it matters
The guidance hike reflects rising commercial demand and a reorganized sales structure for Bakkt, which now aims to capture market share in the broader $44 trillion global cross-border payments sector. Operators should note how the company's shift toward embedded financial services targets partners looking to integrate stablecoin and digital asset functionality.
Bakkt updated its full-year transaction-volume target to $3 billion, a 20% increase over the $2.5 billion guidance issued previously. The company's platform currently competes within a global cross-border payments market valued at more than $44 trillion.
The players
Bakkt
A digital asset platform that provides infrastructure for trading, stablecoin conversion, and embedded financial services.
Thredd
A payment processing provider partnering with Bakkt to develop a credit-card-as-a-service program.
Akshay Naheta
The CEO of Bakkt who has led the company's strategic pivot toward digital asset infrastructure since March 2025.
The details
Bakkt currently operates through three segments: Bakkt Markets, Bakkt Agent, and Bakkt Global. The firm is transitioning away from legacy services—such as the October 2025 sale of its loyalty business—in favor of enabling partners to integrate stablecoin conversion and digital asset trading directly into their own products. Recent growth has been bolstered by an expanded sales organization and the April 2026 acquisition of Distributed Technologies Research.
Timeline
2018: Bakkt was founded.
March 2025: Akshay Naheta became CEO.
October 1, 2025: Bakkt sold its legacy loyalty business.
April 30, 2026: Bakkt completed the acquisition of DTR.
September 9, 2026: Bakkt raised its full-year transaction-volume target.
Market Landscape
Bakkt is positioning its updated transaction-volume guidance to better align with the scale of the global cross-border payments market. The firm continues to restructure its operations following the divestiture of its legacy loyalty business in late 2025.
Operators evaluating fintech partnerships should monitor how Bakkt's credit-card-as-a-service program integrates with existing retail or payment flows. Organizations should assess their own digital asset requirements against these emerging embedded finance capabilities.
The takeaway
Bakkt's shift toward an infrastructure-heavy model highlights the growing demand for stablecoin conversion and embedded financial tools. Business leaders should track the company's progress on its new credit-card program as a signal for potential adoption rates of digital assets in commercial retail.
Further reading
For more on the evolving digital infrastructure space, visit Financial Services.
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