Bakkt, Inc. (NYSE: BKKT) raised its full-year 2026 Total Transacting Volume (TTV) target to approximately $3 billion, up from a prior target of approximately $2.5 billion, according to a press release issued Sept. 9, 2026.

The Atlanta-based company attributed the revised target to what it described as stronger-than-expected customer demand and a larger commercial pipeline. TTV is an operating metric representing the aggregate notional value of transactions processed through Bakkt's platforms and does not represent revenue, profitability or cash flow.

Alongside the updated target, Bakkt announced the expansion of its global commercial team with three senior hires. Aman Ghose joins as Senior Vice President of Institutional Partnerships and Growth, coming from Aquanow where he led its Middle East business. Mark Hiriart joins as Global Head of Markets, with prior roles at Zerocap, OSL Australia, Morgan Stanley and JPMorgan. Dean Salmon joins as Vice President of U.S. Sales, previously at Circle, where he focused on stablecoins and payments across the Americas.

The company said it expects to announce additional senior commercial appointments in the coming weeks.

Bakkt said it is developing product suites targeting commodity sectors including energy, metals and agriculture, combining capabilities across stablecoin payments, digital asset infrastructure, brokerage and settlement. The company said several of these initiatives are approaching commercial launch but did not provide specific financial or volume guidance for 2027.

"We now expect approximately $3 billion of Total Transacting Volume in 2026, reflecting the commercial momentum we are seeing across the platform," said Daniel Ishag, Chief Commercial Officer of Bakkt.

Chief Executive Officer Akshay Naheta said the company is transitioning from building infrastructure to commercial execution, adding that new product lines targeting industries with larger recurring transaction flows could affect the platform's scale in 2027.

The company noted that several of its largest commercial opportunities remain in early activation stages and are not yet contributing material transaction volume.