{"success":true,"data":{"pressRelease":{"id":"167416","rtpr_id":"nBwbxmRZpa-20261013","ticker":"BKKT","exchange":"NYSE","all_tickers":["BKKT"],"title":"Bakkt Selects Thredd to Power Credit Card-as-a-Service Program Settling in Stablecoins","author":"Business Wire","published_at":"2026-10-13T12:00:00.500Z","article_body":"Bakkt Selects Thredd to Power Credit Card-as-a-Service Program Settling in\nStablecoins\n\nPartnership combines digital asset infrastructure and modern card processing\nto power a stablecoin-settled credit card-as-a-service program.\n\nThredd\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.thredd.ai%2F&esheet=54620487&newsitemid=20261013960744&lan=en-US&anchor=Thredd&index=1&md5=70a4108faac10d472d5ad2d847548f1a)\n, the AI-first issuer processing platform, today announced a partnership with\nBakkt\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fbakkt.com%2F&esheet=54620487&newsitemid=20261013960744&lan=en-US&anchor=Bakkt&index=2&md5=117ec7104b5c2b27da48d7dd3ed9b089)\nto power a credit card-as-a-service program in the United States designed to\nsettle in stablecoins.\n\nBakkt, Inc. (NYSE: BKKT) operates regulated infrastructure for trading,\nstablecoin settlement and cross-border payment for the AI and token economy.\nThrough this partnership, Thredd will provide the modern card processing and\nintegrated credit infrastructure extending Bakkt’s settlement rails into\nconsumer credit products issued by partner banks via its planned credit\ncard-as-a-service program. Thredd will also provide tokenization, digital\nwallet integration, fraud and risk management, and loyalty services tailored\nto the program.\n\nBakkt selected Thredd for its unified technology stack, which removes the need\nto build and manage complex, separate connections between end-consumer credit\nand payment components. The two companies are engineering the program\nspecifically around Bakkt’s requirements rather than forcing the card\nprograms into a rigid, traditional processing model.\n\n“Launching a credit card that would settle in stablecoins requires tight\nintegration across processing, lending, and digital asset infrastructure,”\nsaid Jim McCarthy, CEO of Thredd. “By combining modern card processing with\nflexible credit capabilities, our platform removes operational complexity so\nBakkt can offer its clients a direct, reliable payment product.”\n\n“We run regulated rails that move value for institutions, and we move it\nacross borders on demand. This program is designed to bring that same\nsettlement infrastructure to everyday spend,” said Ankit Khemka, Chief\nProduct Officer at Bakkt. “Thredd’s technology and proven payments\ninfrastructure give us one integration where the market expects many, and we\nbelieve stablecoin settlement can change the economics of consumer credit the\nway it is already changing the economics of cross-border payments.”\n\nAn initial proof of concept is targeted for the first half of 2027. The\nprogram is subject to product readiness, client launch timing, bank and\nnetwork requirements, and applicable approvals.\n\nAbout Bakkt\n\nBakkt (NYSE: BKKT) is a regulated financial technology company building a\nfinancial operating system for the AI and token economy. Through Bakkt\nMarkets, Bakkt Agent and Bakkt Global, the Company operates regulated\ninfrastructure for trading, stablecoin settlement and cross-border payments;\nintelligence and distribution capabilities for financial products; and\nstrategic access to differentiated assets and global markets. Bakkt serves\nfinancial institutions, fintechs and consumer brands seeking to deliver\ntrusted financial services at scale.\n\nBakkt Financial Solutions I, LLC (\"Bakkt\") is licensed to engage in virtual\ncurrency business activity and money transmission by the New York State\nDepartment of Financial Services, and holds additional licenses across the\nUnited States. See Bakkt Licenses (bakkt.com/licenses\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fbakkt.com%2Flicenses&esheet=54620487&newsitemid=20261013960744&lan=en-US&anchor=bakkt.com%2Flicenses&index=3&md5=ebb686a059b2977e03ad9abc201c5460)\n) and Disclosures (bakkt.com/disclosures\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fbakkt.com%2Fdisclosures&esheet=54620487&newsitemid=20261013960744&lan=en-US&anchor=bakkt.com%2Fdisclosures&index=4&md5=658dad67d584af5536a23f58a656db6b)\n).\n\nAbout Thredd\n\nThredd is the trusted, AI-first, cloud-enabled issuer processing platform\npowering the next generation of global payments. Through a single API, unified\nplatform, Thredd delivers debit, credit, digital wallet and ledger\ncapabilities to over 100 fintech, digital banks and embedded finance\nproviders, across 50+ countries, processing billions of transactions annually.\nWith a global operating footprint, local expertise, and AI integrated into\nevery layer of its platform, Thredd has been purpose-built for speed, scale\nand modern issuance models, setting the standard for market entry, client\nexperience, security, regulatory rigour and operational resilience. Learn more\nat www.thredd.ai\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thredd.ai%2F&esheet=54620487&newsitemid=20261013960744&lan=en-US&anchor=www.thredd.ai&index=5&md5=ae1541343f48baa22ef0851c01760815)\n\nImportant Disclosures\n\nBakkt is a financial technology company, not a bank. Credit products and card\nissuance are subject to partner bank approval and eligibility requirements.\n\nThis release contains forward-looking statements about a planned program that\nhas not launched and remains subject to regulatory approval, partner\nagreements, and other conditions. Actual timing and availability may differ.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261013960744/en/\n(https://www.businesswire.com/news/home/20261013960744/en/)\n\nSimeon Lando\n\nChief Marketing Officer\n\npress@thredd.com (mailto:press@thredd.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwbxmRZpa-20261013","title":"Bakkt Selects Thredd to Power Credit Card-as-a-Service Program Settling in Stablecoins","author":"Business Wire","ticker":"BKKT","created":"2026-10-13T12:00:00.500Z","tickers":["BKKT"],"exchange":"NYSE","article_body":"Bakkt Selects Thredd to Power Credit Card-as-a-Service Program Settling in\nStablecoins\n\nPartnership combines digital asset infrastructure and modern card processing\nto power a stablecoin-settled credit card-as-a-service program.\n\nThredd\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.thredd.ai%2F&esheet=54620487&newsitemid=20261013960744&lan=en-US&anchor=Thredd&index=1&md5=70a4108faac10d472d5ad2d847548f1a)\n, the AI-first issuer processing platform, today announced a partnership with\nBakkt\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fbakkt.com%2F&esheet=54620487&newsitemid=20261013960744&lan=en-US&anchor=Bakkt&index=2&md5=117ec7104b5c2b27da48d7dd3ed9b089)\nto power a credit card-as-a-service program in the United States designed to\nsettle in stablecoins.\n\nBakkt, Inc. (NYSE: BKKT) operates regulated infrastructure for trading,\nstablecoin settlement and cross-border payment for the AI and token economy.\nThrough this partnership, Thredd will provide the modern card processing and\nintegrated credit infrastructure extending Bakkt’s settlement rails into\nconsumer credit products issued by partner banks via its planned credit\ncard-as-a-service program. Thredd will also provide tokenization, digital\nwallet integration, fraud and risk management, and loyalty services tailored\nto the program.\n\nBakkt selected Thredd for its unified technology stack, which removes the need\nto build and manage complex, separate connections between end-consumer credit\nand payment components. The two companies are engineering the program\nspecifically around Bakkt’s requirements rather than forcing the card\nprograms into a rigid, traditional processing model.\n\n“Launching a credit card that would settle in stablecoins requires tight\nintegration across processing, lending, and digital asset infrastructure,”\nsaid Jim McCarthy, CEO of Thredd. “By combining modern card processing with\nflexible credit capabilities, our platform removes operational complexity so\nBakkt can offer its clients a direct, reliable payment product.”\n\n“We run regulated rails that move value for institutions, and we move it\nacross borders on demand. This program is designed to bring that same\nsettlement infrastructure to everyday spend,” said Ankit Khemka, Chief\nProduct Officer at Bakkt. “Thredd’s technology and proven payments\ninfrastructure give us one integration where the market expects many, and we\nbelieve stablecoin settlement can change the economics of consumer credit the\nway it is already changing the economics of cross-border payments.”\n\nAn initial proof of concept is targeted for the first half of 2027. The\nprogram is subject to product readiness, client launch timing, bank and\nnetwork requirements, and applicable approvals.\n\nAbout Bakkt\n\nBakkt (NYSE: BKKT) is a regulated financial technology company building a\nfinancial operating system for the AI and token economy. Through Bakkt\nMarkets, Bakkt Agent and Bakkt Global, the Company operates regulated\ninfrastructure for trading, stablecoin settlement and cross-border payments;\nintelligence and distribution capabilities for financial products; and\nstrategic access to differentiated assets and global markets. Bakkt serves\nfinancial institutions, fintechs and consumer brands seeking to deliver\ntrusted financial services at scale.\n\nBakkt Financial Solutions I, LLC (\"Bakkt\") is licensed to engage in virtual\ncurrency business activity and money transmission by the New York State\nDepartment of Financial Services, and holds additional licenses across the\nUnited States. See Bakkt Licenses (bakkt.com/licenses\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fbakkt.com%2Flicenses&esheet=54620487&newsitemid=20261013960744&lan=en-US&anchor=bakkt.com%2Flicenses&index=3&md5=ebb686a059b2977e03ad9abc201c5460)\n) and Disclosures (bakkt.com/disclosures\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fbakkt.com%2Fdisclosures&esheet=54620487&newsitemid=20261013960744&lan=en-US&anchor=bakkt.com%2Fdisclosures&index=4&md5=658dad67d584af5536a23f58a656db6b)\n).\n\nAbout Thredd\n\nThredd is the trusted, AI-first, cloud-enabled issuer processing platform\npowering the next generation of global payments. Through a single API, unified\nplatform, Thredd delivers debit, credit, digital wallet and ledger\ncapabilities to over 100 fintech, digital banks and embedded finance\nproviders, across 50+ countries, processing billions of transactions annually.\nWith a global operating footprint, local expertise, and AI integrated into\nevery layer of its platform, Thredd has been purpose-built for speed, scale\nand modern issuance models, setting the standard for market entry, client\nexperience, security, regulatory rigour and operational resilience. Learn more\nat www.thredd.ai\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thredd.ai%2F&esheet=54620487&newsitemid=20261013960744&lan=en-US&anchor=www.thredd.ai&index=5&md5=ae1541343f48baa22ef0851c01760815)\n\nImportant Disclosures\n\nBakkt is a financial technology company, not a bank. Credit products and card\nissuance are subject to partner bank approval and eligibility requirements.\n\nThis release contains forward-looking statements about a planned program that\nhas not launched and remains subject to regulatory approval, partner\nagreements, and other conditions. Actual timing and availability may differ.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261013960744/en/\n(https://www.businesswire.com/news/home/20261013960744/en/)\n\nSimeon Lando\n\nChief Marketing Officer\n\npress@thredd.com (mailto:press@thredd.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-13T12:00:00.760770095Z","server_sent_at_ms":1791892800760},"received_at":"2026-10-13T12:00:00.813Z","source_url":"https://www.businesswire.com/news/home/20261013960744/en/"},"analysis":{"id":"155721","press_release_id":"167416","analysis_json":{"industry":{"label":"Financial Services","sector":"Financials"},"redFlags":["Program has not launched; only a proof of concept targeted for H1 2027","Subject to regulatory approval, partner bank approval, and network requirements"],"eventType":"partnership","narrative":"Bakkt (NYSE: BKKT) selected Thredd, an AI-first issuer processing platform, to power a U.S. credit card-as-a-service program designed to settle in stablecoins.\n\nThredd will provide card processing, tokenization, digital wallet integration, fraud and risk management, and loyalty services, extending Bakkt's stablecoin settlement rails into consumer credit products issued by partner banks.\n\nThe program is early-stage: an initial proof of concept is targeted for the first half of 2027 and remains subject to bank, network, and regulatory approvals, with no revenue contribution expected near term.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Bakkt extends stablecoin settlement into consumer credit via Thredd partnership, but monetization is a 2027 story."},"keyFigures":{"customDimensions":{"poc_target":"first half of 2027"}},"quotedText":"We believe stablecoin settlement can change the economics of consumer credit the way it is already changing the economics of cross-border payments.","namedEntities":{"people":[{"name":"Jim McCarthy","role":"CEO of Thredd"},{"name":"Ankit Khemka","role":"Chief Product Officer at Bakkt"},{"name":"Simeon Lando","role":"Chief Marketing Officer at Thredd"}],"products":["Bakkt Markets","Bakkt Agent","Bakkt Global","Thredd issuer processing platform"],"companies":[{"name":"Bakkt, Inc.","ticker":"BKKT","relationship":"filer/partner"},{"name":"Thredd","relationship":"partner (card issuer processing platform)"},{"name":"New York State Department of Financial Services","relationship":"regulator"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Strategic partnership extending Bakkt's stablecoin settlement rails into consumer credit, but the program is early-stage: only a proof of concept is targeted for H1 2027 and is subject to bank, network, and regulatory approvals. No revenue or financial figures disclosed."},"tickerRelevance":{"others":[],"primary":"BKKT"},"globalImportance":22,"audienceRelevance":30,"eventTypeSecondary":["product_launch"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"early-stage partnership, no financial terms","timelineRisk":"proof of concept not until H1 2027","retailFavoriteBoost":"moderate - crypto/fintech name with retail interest"}},"event_type":"partnership","event_type_secondary":["product_launch"],"sentiment":"bullish","material_impact_score":2,"narrative":"Bakkt (NYSE: BKKT) selected Thredd, an AI-first issuer processing platform, to power a U.S. credit card-as-a-service program designed to settle in stablecoins.\n\nThredd will provide card processing, tokenization, digital wallet integration, fraud and risk management, and loyalty services, extending Bakkt's stablecoin settlement rails into consumer credit products issued by partner banks.\n\nThe program is early-stage: an initial proof of concept is targeted for the first half of 2027 and remains subject to bank, network, and regulatory approvals, with no revenue contribution expected near term.","key_figures":{"customDimensions":{"poc_target":"first half of 2027"}},"named_entities":{"people":[{"name":"Jim McCarthy","role":"CEO of Thredd"},{"name":"Ankit Khemka","role":"Chief Product Officer at Bakkt"},{"name":"Simeon Lando","role":"Chief Marketing Officer at Thredd"}],"products":["Bakkt Markets","Bakkt Agent","Bakkt Global","Thredd issuer processing platform"],"companies":[{"name":"Bakkt, Inc.","ticker":"BKKT","relationship":"filer/partner"},{"name":"Thredd","relationship":"partner (card issuer processing platform)"},{"name":"New York State Department of Financial Services","relationship":"regulator"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-13T12:00:10.357Z","global_importance":22,"audience_relevance":30,"importance_components":{"tickerTier":"small-cap","eventGravity":"early-stage partnership, no financial terms","timelineRisk":"proof of concept not until H1 2027","retailFavoriteBoost":"moderate - crypto/fintech name with retail interest"}},"durationMs":5856,"modelName":"glm-5.3-flashx"}}