Bakkt Completes DTR Acquisition in Equity Deal Tied to Stablecoin Infrastructure

Bakkt said it completed its acquisition of Distributed Technologies Research on April 30, issuing 11,316,775 Class A common shares to DTR shareholders. The company said the deal integrates DTR’s agentic payments and stablecoin infrastructure into Bakkt’s platform to support 24/7 digital payments. Bakkt had previously described the transaction as part of its effort to expand its payment-related digital asset capabilities and pursue the global payments market. The acquisition was first announced in January.

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