1. Preheat the oven to 350°F. Grease a 10-cup Bundt pan.

  2. In a medium-sized mixing bowl, beat together the butter, cream cheese, and pistachio paste until soft and fluffy.

  3. Add the flour, sugar, baking powder, and salt. Mix to combine; the batter will be stiff.

  4. Add the flavorings, optional food coloring, and 1 egg. Beat well. Continue to add the eggs, one at a time, beating well and scraping the bowl after each addition. When done, the batter will be very fluffy. Mix in the chips and nuts.

  5. Spoon the batter into the prepared pan.

  6. Bake the cake for 50 to 60 minutes, until a cake tester or toothpick inserted into the center comes out clean. Remove the cake from the oven, and after 5 minutes turn it out of the pan to cool on a rack. The cake will be golden brown with a dark brown edge, and a fine crumb inside.

  7. To make the glaze: Melt together the chocolate and cream over low heat; stir until smooth and cool to lukewarm. Pour over the top of the cake, and sprinkle with chopped pistachios before the glaze hardens.

Tips from our Bakers

  • Instead of one Bundt cake, you can divide this batter between two greased 8 1/2" x 4 1/2" loaf pans. Bake them for 50 to 60 minutes, tenting with foil if needed at 40 minutes. Now you'll have one to keep and one to share!