Bakkt to Acquire Distributed Technologies Research in Stablecoin Payments Push
Bakkt Holdings, Inc. has agreed to acquire Distributed Technologies Research Ltd. (DTR), marking a strategic MOVE to enhance its stablecoin settlement and programmable payments capabilities. The all-equity transaction involves issuing approximately 9.1 million Class A shares, representing 31.5% of Bakkt's share number, to DTR shareholders.
The acquisition accelerates Bakkt's stablecoin infrastructure development, reducing reliance on third-party providers and unlocking new revenue streams in payments and banking. This aligns with Bakkt's broader vision to become a unified financial infrastructure platform.