Digital asset company Bakkt announced that it has completed the acquisition of DTR (Distributed Technologies Research), a stablecoin infrastructure provider. The transaction was conducted through a stock issuance, with Bakkt issuing approximately 11.3 million shares to DTR. Bakkt's CEO stated, "We will build a 24-hour digital payment layer by combining AI-powered payment engines with stablecoin technology," adding, "It will become a core infrastructure connecting traditional finance and digital assets." The acquisition was finalized on an expanded scale after being first announced in January, and at that time, the company name was also changed to Bakkt Inc.
