Bakkt completes acquisition of stablecoin payments firm Distributed Technologies Research
Bakkt completed its acquisition of stablecoin infrastructure firm Distributed Technologies Research through an equity deal issuing 11.3 million shares. The merger combines Bakkt's institutional platform with DTR's AI-powered payments engine to create a 24/7 digital settlement layer. The global stablecoin market now exceeds $320 billion, signaling growing institutional adoption for faster cross-border payments and crypto integration with traditional finance.
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