Bakkt Completes Acquisition of DTR to Enhance Digital Settlement Infrastructure

Digital asset company Bakkt has announced the completion of its acquisition of stablecoin infrastructure firm Distributed Technologies Research (DTR) through a stock transaction. According to Odaily, Bakkt issued over 11.3 million shares to DTR beneficiaries and may issue an additional 725,000 shares. Bakkt CEO Akshay Naheta stated that the deal aims to integrate Bakkt's institutional-grade infrastructure with DTR's native AI payment engine and stablecoin technology, creating a 24/7 digital settlement layer that serves as a crucial bridge between traditional financial systems and next-generation digital assets. Additionally, the company has been renamed Bakkt Inc. Previously, the project raised $48 million in February through a stock sale to address market uncertainties and potential delisting risks.