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Bakkt

Provider
Crypto / Stablecoin

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 6 companies across 1 category.

bakkt.com ↗Also analysed as a company — its own stack →
CategoriesCrypto / Stablecoin
Rank#13 of 57 in Crypto / Stablecoin
Buyers6 companies
HeadquartersAtlanta, GA, USA
Founded2018

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Founders & story · from Bakkt’s own dossier

Founded in 2018 as an ICE subsidiary to build institutional-grade regulated Bitcoin infrastructure (futures + custody), Bakkt went public via SPAC in 2021 and simultaneously launched a consumer digital wallet aimed at loyalty-point and crypto management. By 2026 it had divested or wound down its consumer loyalty and wallet businesses, pivoting sharply toward institutional crypto infrastructure, stablecoin payments rails, and AI-driven transaction workflows under three new product lines — Bakkt Markets, Bakkt Agent, and Bakkt Global — accelerated by the acquisition of Distributed Technologies Research (DTR).

Latest round: Feb 2024
Recent developments
  • 2025-06Executed First Amendment to Revolving Credit Agreement with ICE Holdings, extending borrowing facility. source ↗
  • 2026-04Completed acquisition of Distributed Technologies Research (DTR) in an all-stock transaction, integrating agentic AI and stablecoin payments infrastructure. source ↗
  • 2026-04Appointed Daniel Ishag as Chief Commercial Officer to lead commercial rebuild across Bakkt Markets and Bakkt Agent. source ↗
  • 2026-05Reported Q1 2026 results: $82.6M cash and restricted cash; announced stablecoin infrastructure as core strategic direction. source ↗
Full dossier: Bakkt’s own stack, layer by layer →
Who uses Bakkt
6 companies disclose Bakkt in their stack
TitanCantaloupeM1WebullPublicUnest
Buyer mix · 6 of 6 classified
Fintech / Investment · 5Vertical SaaS / Self-Service Commerce · 1
US · 5
What the disclosures say
Titan
“Bakkt publicly lists Titan as a customer per known_customer_listings (TIER 1).”
Cantaloupe
“ibsintelligence.com lists Cantaloupe as a customer in the context of a Bakkt partnership: 'Bakkt partners with Cantaloupe to enable consumers use crypto loyalty points to make purchases.' This indicates Cantaloupe integrated Bakkt's crypto loyalty/redemption functionality into its self-service commerce platform, enabli…”
M1
“Bakkt listed as customer (crypto).”
Unest
“Bakkt listed as customer for digital asset capabilities.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Bakkt? Claim this profile above to unlock your own full list.
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What Bakkt runs on · from its own dossier
The third-party providers Bakkt itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Bakkt.
BaaS
Sutton Bank
Card Issuing
Sutton Bank
Crypto / Stablecoin
FireblocksDTR
Crypto Custody
Fireblocks
Full dossier with evidence for each layer →
Alternatives to Bakkt

Other Crypto / Stablecoin providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Zero Hash25 buyers →Circle23 buyers →Bridge17 buyers →BVNK13 buyers →Fireblocks12 buyers →Tempo12 buyers →Lightspark9 buyers →MoonPay9 buyers →
Share this rank

An embeddable badge for Bakkt’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #13 of 57 in Crypto / Stablecoin — Embedded Finance Index 2026
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Bakkt — frequently asked

Which companies use Bakkt?

6 companies disclose Bakkt in their stack in the Embedded Finance Index 2026, including Titan, Cantaloupe, M1, Webull, Public and Unest.

What does Bakkt do?

Bakkt is an embedded-finance provider in Crypto / Stablecoin. It ranks #13 of 57 Crypto / Stablecoin providers by disclosed buyers.

What are the alternatives to Bakkt?

The most-disclosed Crypto / Stablecoin alternatives to Bakkt are Zero Hash (25 buyers), Circle (23 buyers), Bridge (17 buyers), BVNK (13 buyers), Fireblocks (12 buyers) and Tempo (12 buyers).

Where is Bakkt headquartered?

Bakkt is founded in 2018 and headquartered in Atlanta, GA, USA.

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