Bakkt Finishes Acquisition of Stablecoin Infrastructure Firm
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Cointelegraph
Bakkt has finalized its acquisition of Distributed Technologies Research to integrate stablecoin technology and AI-driven payments into its financial infrastructure.Summary
Digital asset firm Bakkt has officially completed its acquisition of Distributed Technologies Research (DTR) via an equity-based transaction. By issuing over 11.3 million shares, Bakkt aims to merge its institutional infrastructure with DTR’s AI-powered payments engine and stablecoin technology. CEO Akshay Naheta stated that this move is designed to create a 24/7 digital settlement layer that bridges traditional financial systems with modern digital assets, addressing the needs of a growing $320 billion stablecoin market.
(Source：Cointelegraph)