Bakkt plugs its payments business into the Fireblocks Network for Payments

Bakkt has connected its payments business to the Fireblocks Network for Payments, linking its crypto payment infrastructure to Fireblocks' network of institutional participants. The integration is intended to broaden Bakkt's global payment reach and improve connectivity between its platform and other financial firms using Fireblocks. Neither company disclosed transaction volumes, fees, or the number of participants involved in the connection. The move matters because it ties a publicly traded crypto payments provider to a widely used institutional settlement network, potentially expanding the pool of counterparties Bakkt can transact with. What to watch next is whether the integration translates into measurable payment volume and new institutional clients for Bakkt.