Bakkt plans to acquire stablecoin payment infrastructure DTR
PANews, January 12 – According to an official announcement, Bakkt Holdings (NYSE: BKKT) has reached an agreement to acquire global stablecoin payment infrastructure company Distributed Technologies Research Ltd. (DTR) for approximately 9,128,682 shares of Class A common stock, advancing its integration of stablecoin settlement and digital banking businesses. The transaction is expected to be completed upon receiving regulatory and shareholder approval, and a certain exchange will vote in support of the deal. The company will be renamed “Bakkt, Inc.” on January 22 and will hold an Investor Day at the New York Stock Exchange on March 17.
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