Bakkt stock more than doubles as Fiserv tie-up seeks to take crypto mainstream

Bakkt Holdings (NYSE:BKKT) stock surges 170% after announcing another partnership, this time with Fiserv (FISV +0.7%), that will "enable practical uses of crypto and emerging asset classes." Bakkt (BKKT) stock was halted at 1:08 PM ET pending the news. Before the halt, Bakkt (BKKT) shares jumped 114%. A future integration of Bakkt (BKKT) into the Carat omnichannel ecosystem from Fiserv (NASDAQ:FISV) will allow businesses to pursue new options for B2B and B2C payouts, loyalty programs, and transactions, all with crypto assets accessible via a digital asset wallet, the companies said in a statement. They also plan to introduce Bakkt (BKKT) technology that supports consumers’ ability to buy, sell, and hold crypto assets to Fiserv (FISV) financial institution clients. "Fiserv (FISV) is in a unique position to connect merchants and financial institutions utilizing a unified digital asset platform, laying the foundation for an integrated digital asset ecosystem that can bring value and convenience to our clients and