Bakkt Raises Annual Transaction Target to $3 Billion

The company cited increased customer demand and a larger commercial pipeline for the 20% growth in its volume guidance.

Updated on Oct. 16, 2026 in Financial Services

Isometric editorial illustration of ascending structural steel beams, representing institutional growth and corporate capacity. — Bakkt raised its annual transaction volume target to $3 billion, citing increased customer demand and a stronger commercial pipeline for 2026. AI Illustration. Upload story photo >

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On September 9, 2026, Bakkt announced an increase in its full-year transaction-volume target to $3 billion. This represents a 20% raise from its previous guidance of $2.5 billion.

Why it matters

Bakkt attributed the revised target to stronger customer demand, a larger commercial pipeline, and an expanded sales organization. The growth follows a series of strategic changes, including the recent acquisition of Distributed Technologies Research.

Bakkt increased its transaction-volume target by 20% to approximately $3 billion. This target operates within the broader global cross-border payments market, which is valued at more than $44 trillion.

The players

Bakkt

This digital asset platform provides infrastructure for trading, stablecoin conversion, and embedded financial services.

Akshay Naheta

He has served as the CEO of Bakkt since March 2025.

Thredd

This company is a partner currently collaborating with Bakkt on a credit-card-as-a-service program.

The details

Bakkt, which operates through its Markets, Agent, and Global business units, allows partners to integrate digital asset trading and stablecoin conversion. The company also recently entered a partnership with Thredd to develop a credit-card-as-a-service offering.

Bakkt was founded in 2018.
Akshay Naheta became CEO in March 2025.
The loyalty business was sold on October 1, 2025.
The acquisition of DTR was completed on April 30, 2026.
The transaction-volume target was raised on September 9, 2026.

Market Landscape

The firm is positioning its financial services growth strategy to capture a larger share of the $44 trillion global cross-border payments market. Bakkt is aligning its revised transaction-volume targets to expand its footprint within this competitive sector.

Customers of the platform may see an increase in available embedded financial services as the company continues its integration efforts. These business changes are focused on expanding digital asset trading tools for enterprise partners.

The takeaway

Bakkt is pivoting toward high-growth areas like cross-border payments and credit-card-as-a-service following its 2025 loyalty business divestiture. Investors should monitor how these new partnerships translate into actual transaction volume over the coming fiscal quarters.