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Bakkt Acquires Stablecoin Infrastructure Firm DTR in All-Stock Deal

Bakkt Acquires Stablecoin Infrastructure Firm DTR in All-Stock Deal

Author:

Global Cryptocurrency

Published:

2026-01-12 21:54:01

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BTCCSquare news:

Bakkt Holdings will acquire Distributed Technologies Research Ltd. (DTR) for approximately 9.1 million shares of Class A common stock, representing 31.5% of the 'Bakkt Share Number.' The deal, pending regulatory approval and shareholder vote, marks Bakkt's strategic push into stablecoin payment infrastructure.

DTR founder Akshay Naheta, who became Bakkt's co-CEO in March 2025, brings fintech expertise from SoftBank Group where he oversaw investments in ARM and Nvidia. The acquisition aligns with Bakkt's evolution from ICE's digital asset platform into a broader financial technology player since its 2021 SPAC merger.

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