Bakkt Completes DTR Acquisition to Build Stablecoin Settlement Layer

Bakkt completed its equity-based acquisition of Distributed Technologies Research by issuing more than 11.3 million shares to DTR holders. Bakkt CEO Akshay Naheta said the deal is designed to combine Bakkt’s institutional infrastructure with DTR’s AI payments engine and stablecoin technology to create a 24/7 digital settlement layer. The transaction terms allow for another 725,592 shares to be issued.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin