Bakkt, a digital asset platform, is stepping its efforts to position itself as a unified financial infrastructure platform. Moving in this direction, it has agreed to acquire Distributed Technologies Research Ltd., a stablecoin payments infrastructure provider. The deal, announced on Monday, is expected to close subject to regulatory and shareholder approvals.
According to the official release, the acquisition will enhance its ability to settle stablecoin payments globally while reducing reliance on third-party service providers. As demand for regulated crypto rails grows, the management has framed the move as a practical step toward supporting merchant payments, programmable money, and future banking-style products.
Under the agreement, Bakkt will issue Class A shares equal to 31.5% of a predefined share pool to DTR shareholders, including DTR founder Akshay Naheta. Based on current figures, this would translate to roughly 9.1 million new shares, though the final number may change before closing.
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