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Bakkt completes acquisition of stablecoin payment company DTR
Mars Finance News: Digital asset company Bakkt has completed its acquisition of stablecoin infrastructure company Distributed Technologies Research (DTR) through an equity transaction, aiming to build a 24/7 digital settlement layer. According to the announcement, Bakkt issued over 11.3 million shares to DTR beneficiaries, with an additional potential issuance of 725,592 shares. The deal was initially announced in January, involving 9.3 million shares.