Bakkt Plugs Payments Stack Into Fireblocks Network for $200B Monthly Flow

Bakkt has connected its payments business to the Fireblocks Network for Payments, gaining access to rails that process over $200 billion in stablecoin transactions every month, according to the October 30, 2026 announcement. Fireblocks highlighted the integration on November 5, 2026, citing Bakkt's growth in payments.

The deal links Bakkt's payment stack — built on technology from Distributed Technologies Research (DTR), an EU-based payments infrastructure provider Bakkt acquired in early 2026 — to a network that already connects payment service providers, fintech firms and banks. Bakkt keeps control of its own payment product while gaining a direct path to counterparties active on Fireblocks' infrastructure.

What does the integration change operationally?

Distribution is the core of it. Bakkt's platform now sits inside a network where PSPs, fintechs and banks already transact, which shortens the route to new institutional counterparties.

The integration is designed to extend Bakkt's payment corridors — the routes money travels between countries and currencies. More corridors means more places Bakkt can move client funds. Bakkt can also manage payment operations from a single console. The company spent the prior month integrating its payment technology stack, the announcement said.

Sam Auch, Senior Vice President of Commercial U.S. at Bakkt, said the integration streamlines the company's services. In his view, it gives clients one unified platform for distribution and connectivity.

How deep does the Fireblocks relationship go?

This is not a new relationship. Bakkt and Fireblocks have worked together since 2023, when Bakkt rebuilt its custody infrastructure using Fireblocks' multi-party computation (MPC) key management and policy controls — an on-prem MPC deployment.

The relationship deepened in 2025. Bakkt added the Fireblocks Trust Company, a qualified custodian regulated by the New York Department of Financial Services (NYDFS), to secure long-term assets.

The progression runs in clear steps:

• 2023: MPC-based custody technology
• 2025: regulated custody via Fireblocks Trust Company (NYDFS)
• 2026: payments distribution over the Fireblocks Network for Payments

Each step moved more of Bakkt's infrastructure onto Fireblocks' stack.

Where does DTR fit in?

The payments business Bakkt just plugged in didn't exist in its current form a year ago. Bakkt acquired DTR in early 2026, and that acquisition gave the company a payments platform to build on. The Fireblocks integration now gives that platform a much larger network to sell into.

For Bakkt, the operational consequence is scale without new build-out: instead of signing each PSP, fintech and bank bilaterally, it reaches them through one connection. For Fireblocks, another regulated payments operator on the network strengthens its position as stablecoin transaction volumes — already above $200 billion a month on these rails — keep compounding.

Bakkt hasn't disclosed targets for new corridors or counterparty volumes, so the near-term measure of success will be whether the DTR-based platform converts Fireblocks' existing network participants into active payment corridors in the coming quarters.