Digital asset company Bakkt announced 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. The Bakkt CEO stated, “We will build a 24-hour digital payment layer by combining an AI-powered payment engine with stablecoin technology,” adding, “It will become a core infrastructure connecting traditional finance and digital assets.” The acquisition, which was first announced in January, was finalized on an expanded scale, and at that time, the company name was also changed to Bakkt Inc.
