Bakkt to acquire stablecoin payments firm DTR

Digital plus infrastructure steadfast Bakkt Holdings has agreed to get stablecoin payments supplier Distributed Technologies Research (DTR) successful an all-stock transaction.

The woody volition enactment Bakkt’s programmable payments strategy, according to a connection by the steadfast connected 12 January.

Bakkt volition contented Class A communal shares adjacent to 31.5% of the “Bakkt Share Number,” a measurement defined successful a practice statement betwixt the 2 companies that was filed with the US Securities and Exchange Commission connected 19 March 2025.

Based connected existent calculations, Bakkt expects to contented astir 9.1 cardinal Class A shares to DTR’s existing shareholders.

The precise fig of shares to beryllium issued volition beryllium finalised according to the methodology acceptable retired successful the practice statement and could alteration earlier the woody closes.

Among the recipients of the equity information is Akshay Naheta, the CEO of Bakkt and laminitis of DTR.

Naheta said: “Bringing DTR afloat into Bakkt completes the translation of the institution into a unified planetary fiscal infrastructure platform, combining Bakkt’s marketplace beingness and regulatory model with DTR’s technology.

“Together, we are positioned to unlock caller capabilities and efficiencies for merchants, fiscal institutions, and extremity users worldwide. Most importantly, this accelerates level integration and spouse adoption arsenic we determination into 2026.”

According to the announcement, the acquisition volition bring DTR’s stablecoin colony infrastructure afloat nether the Bakkt umbrella and is intended to velocity up Bakkt’s rollout of stablecoin colony services portion cutting reliance connected outer providers.

A peculiar committee of Bakkt’s committee of directors approved the woody pursuing an autarkic reappraisal process.

Completion of the acquisition remains taxable to regulatory clearances and shareholder approval.

Intercontinental Exchange (ICE), which holds astir 31% of Bakkt’s outstanding Class A communal stock, has agreed to ballot its shares successful favour of the transaction.

In a abstracted move, Bakkt said it volition alteration its firm sanction to “Bakkt, Inc.” with effect from 22 January 2026.

The institution volition proceed to commercialized connected the New York Stock Exchange nether its existing ticker symbol, “BKKT”.

Bakkt besides disclosed plans to clasp an capitalist time connected 17 March 2026 astatine the New York Stock Exchange, with further accusation astir the lawsuit to beryllium provided later.

"Bakkt to get stablecoin payments steadfast DTR" was primitively created and published by Electronic Payments International, a GlobalData owned brand.

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