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Bakkt Selects Thredd to Power Credit Card-as-a-Service Program Settling in Stablecoins

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Bakkt Selects Thredd to Power Credit Card-as-a-Service Program Settling in Stablecoins

Thredd, the AI-first issuer processing platform, announced a partnership with Bakkt to power a credit card-as-a-service program in the United States designed to settle in stablecoins.

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Bakkt selected Thredd for its unified technology stack, which removes the need to build and manage complex, separate connections between end-consumer credit and payment components.

Bakkt, Inc. (NYSE: BKKT) operates regulated infrastructure for trading, stablecoin settlement and cross-border payment for the AI and token economy. Through this partnership, Thredd will provide the modern card processing and integrated credit infrastructure extending Bakkt’s settlement rails into consumer credit products issued by partner banks via its planned credit card-as-a-service program. Thredd will also provide tokenization, digital wallet integration, fraud and risk management, and loyalty services tailored to the program.

Bakkt selected Thredd for its unified technology stack, which removes the need to build and manage complex, separate connections between end-consumer credit and payment components. The two companies are engineering the program specifically around Bakkt’s requirements rather than forcing the card programs into a rigid, traditional processing model.

“Launching a credit card that would settle in stablecoins requires tight integration across processing, lending, and digital asset infrastructure,” said Jim McCarthy, CEO of Thredd. “By combining modern card processing with flexible credit capabilities, our platform removes operational complexity so Bakkt can offer its clients a direct, reliable payment product.”

“We run regulated rails that move value for institutions, and we move it across borders on demand.


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