Bakkt (BKKT) Surges 11.6679% on India Expansion Strategy, Acquires Transchem Stake for $40M

Bakkt Holdings surged 11.6679% in pre-market trading on November 25, 2025, driven by strategic moves to expand its footprint in the Indian market. The digital asset platform, backed by major investors like Citadel and Vanguard, is acquiring a stake in Transchem, an Indian brokerage, as part of a $40 million deal. This initiative aims to provide Indian users with regulated access to offshore and tokenized investment products, including global equities and AI-linked assets.

The company has committed $10 million to purchase warrants exercisable into Transchem shares within 18 months, with options for additional investments. Transchem has identified a potential acquisition target in India, registered with the Securities and Exchange Board of India (Sebi), aligning with Bakkt’s global strategy of partnering with licensed intermediaries. This mirrors its prior acquisition in Japan, where it rebranded a local firm as Bitcoin Japan.

The move reflects Bakkt’s broader thesis to integrate licensed brokers, tokenization infrastructure, and global investment tools into a regulated platform tailored for Indian savers. With India’s retail investor base growing and rising interest in digital assets, the partnership positions Bakkt to capitalize on expanding access to global markets under the Liberalised Remittance Scheme (LRS).

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