Zoth and Bakkt Forge Strategic Partnership for Compliant Cross-Border Payments

In a move poised to reshape how money moves across borders, privacy-first stablecoin neobank Zoth has partnered with regulated digital asset infrastructure provider Bakkt. The agreement combines Bakkt’s US regulatory framework with Zoth’s established payment networks in emerging markets.

The partnership directly addresses the compliance gap that has hindered widespread adoption of stablecoins for cross-border payments, particularly for large institutional clients like money transfer operators (MTOs).

Bridging the Compliance Gap

Under the agreement, Zoth will operate as an Authorized Agent within Bakkt’s licensing structure. This provides access to a US-licensed counterparty that meets stringent regulatory requirements including:

  • Pan-US Money Transmitter Licenses
  • New York BitLicense (considered one of the most comprehensive digital asset licensing regimes)
  • Federal registration under the Bank Secrecy Act

Targeting High-Volume Corridors

The partnership initially focuses on major remittance routes including:

  • USA to South Asia (the world’s largest remittance corridor)
  • UAE to South Asia
  • USA to Middle East
  • USA to Philippines and Nigeria
  • Key markets in Sub-Saharan Africa (Uganda, Kenya, Ghana, South Africa)

Scaling Potential

With current annualized Total Payments Volume of $300 million and over $75 million in yield products sold, Zoth aims to reach $1 billion annually through this partnership. Backed by investors like SOSV, Taisu Ventures, Borderless Capital, and the Blockchain Founders Fund, the company is positioned for rapid growth.

“Stablecoin infrastructure is ready,” said Pritam Dutta, co-founder and CEO of Zoth. “What large institutions have been waiting for is the regulatory configuration that gives them confidence to sign. This partnership provides a clear path for enterprise adoption at scale.”

The collaboration aims to benefit all organizations seeking a compliant solution for cross-border payments in the Global South.