Bakkt has raised its full-year transaction-volume target to approximately $3 billion, up 20% from its earlier outlook of $2.5 billion, citing stronger customer demand and an expanded commercial pipeline.
The revision reflects the company's broader shift toward digital-asset infrastructure. In October 2025, Bakkt completed the sale of its legacy loyalty business, marking a decisive move to concentrate resources on digital assets, payments and financial products. CEO Akshay Naheta, who took the role in March 2025, has led the transformation.
Three-Part Business Structure
Bakkt has organized its operations around three segments: Markets, Agent and Global.
Bakkt Markets provides infrastructure for digital-asset trading, stablecoin conversion, on- and off-ramps, and cross-border payments. The business targets financial institutions, fintech companies and other organizations seeking access to digital assets without building underlying infrastructure components.
Bakkt Agent focuses on embedded financial services and programmable finance, allowing partners to integrate accounts, payments and international transfers into their own products. The segment also targets co-branded card programs and neobank-as-a-service offerings.
Bakkt Global supports international expansion through strategic investments and relationships that connect the company's infrastructure with local markets.
Recent Strategic Moves
In April 2026, Bakkt completed its acquisition of Distributed Technologies Research, a stablecoin and payments infrastructure provider. The deal combined Bakkt's institutional infrastructure and licensing footprint with DTR's technology for programmable payments and stablecoin settlement.
On October 13, Bakkt announced a partnership with Thredd to develop a credit-card-as-a-service program designed to settle in stablecoins, extending the company's infrastructure into consumer credit.
Bakkt has also strengthened its leadership team. In September 2026, it appointed Aman Ghose as senior vice president of institutional partnerships and growth, Mark Hiriart as global head of markets, and Dean Salmon as vice president of U.S. sales.
Together, these developments position Bakkt to connect traditional financial systems with digital assets and embedded financial services, with the company targeting the global cross-border payments market, valued at more than $44 trillion.
