Bakkt to Acquire Distributed Technologies Research in Stablecoin Payments Push

Bakkt to Acquire Distributed Technologies Research in Sta... Bakkt has agreed to acquire Distributed Technologies Research in an all-equity deal, issuing about 9.1 million Class A shares. The deal has been approved by a board committee, with Intercontinental Exchange agreeing to vote its shares in favour. The post Bakkt to Acquire Distributed Technologies Res... Bakkt Holdings, Inc. said it has agreed to acquire Distributed Technologies Research Ltd. (DTR), marking progress in its strategy to build stablecoin settlement and programmable payments capabilities. Bakkt has entered into an agreement to acquire Distributed Technologies Research Ltd., strengthening our global stablecoin settlement and programmable payments infrastructure.The transaction supports BakktâEUR(TM)s evolution into a unified financial infrastructure platform andâEUR¦ pic.twitter.com/LknM40aUI2- Bakkt (@Bakkt) January 12, 2026 The transaction will be executed through an all-equity consideration, with Bakkt issuing shares of its Class A common stock representing 31.5% of the âEUR?"Bakkt Share NumberâEUR defined under a previously disclosed cooperation agreement between the two companies. Based on the current share number, this equates to the issuance of approximately 9.1 million Class A shares to DTR shareholders, including DTR founder and Bakkt CEO, Akshay Naheta, subject to final adjustments at closing.Acquisition Advances BakktâEUR(TM)s Stablecoin Settlement StrategyBakkt said the acquisition is expected to accelerate its time-to-market for stablecoin settlement by bringing core infrastructure in-house. The company believes owning DTRâEUR(TM)s technology will reduce reliance on third-party providers while allowing new revenue opportunities across payments and banking use cases.The deal follows months of integration work between the two firms and is intended to support BakktâEUR(TM)s broader ambition to position itself as a programmable money and next-generation financial infrastructure platform. Governance, Approvals, and Shareholder SupportThe transaction was reviewed and approved by an independent special committee of BakktâEUR(TM)s board, comprised of Colleen Brown and Mike Alfred. Completion remains subject to customary closing conditions, including regulatory approvals and Bakkt shareholder consent.Intercontinental Exchange, Inc., which owns around 31% of BakktâEUR(TM)s Class A common stock, has agreed to vote its shares in favour of the transaction, providing a strong level of shareholder backing.Company to Operate as âEUR?"Bakkt, Inc.âEUR Effective January 22Separately, Bakkt announced it will change its corporate name to âEUR?"Bakkt, Inc.âEUR effective January 22. The company will continue trading on the New York Stock Exchange under the ticker BKKT, with the name change reflecting its transition toward a unified global financial infrastructure platform.In August, Bakkt acquired approximately 30% of Tokyo-listed textile company MarushoHotta for $115 million, becoming the largest shareholder and planning to rebrand the yarn maker as âEUR?"Bitcoin.jp,âEUR effectively shifting toward crypto treasury operations.The acquisition transforms the 120-year-old Japanese manufacturer into a Bitcoin-focused investment vehicle under new CEO Phillip Lord, President of Bakkt International.The post Bakkt to Acquire Distributed Technologies Research in Stablecoin Payments Push appeared first on Cryptonews. Market Context The cryptocurrency market remains highly dynamic, with digital assets experiencing significant price movements driven by institutional adoption, regulatory developments, and technological innovations. Investors should consider both the potential rewards and risks associated with crypto investments. Key Takeaways Stay updated on cryptocurrency market developments and price movements Monitor regulatory news that could impact digital asset valuations Consider risk management strategies for volatile crypto investments Published: January 12, 2026 | Source: CryptoNews