Bakkt plans to acquire stablecoin payment company DTR with 9.12 million shares

An exchange has announced that it has signed an agreement to acquire approximately 9,128,682 shares of Class A common stock of the global stablecoin payment infrastructure company Distributed Technologies Research Ltd. (DTR), in order to promote the integration of its stablecoin settlement and digital banking businesses. The transaction is subject to regulatory and shareholder approval, and ICE will vote in favor of the deal. The company plans to change its name to "Bakkt, Inc." on January 22 and will hold an Investor Day at the New York Stock Exchange on March 17.