Digital asset infrastructure firm Bakkt Holdings has agreed to acquire stablecoin payments provider Distributed Technologies Research (DTR) in an all-stock transaction. The deal will support Bakkt’s programmable payments strategy, with Bakkt issuing Class A common shares to DTR’s existing shareholders. CEO Akshay Naheta highlighted the benefits of the acquisition, aiming to unlock new capabilities and efficiencies for the financial industry.

The acquisition will bring DTR’s stablecoin settlement infrastructure under Bakkt’s umbrella, accelerating the rollout of stablecoin settlement services. A special committee of Bakkt’s board of directors approved the deal, pending regulatory clearances and shareholder approval. Intercontinental Exchange (ICE) has agreed to vote its shares in favor of the transaction. Bakkt will also change its corporate name to “Bakkt, Inc.” starting from January 22, 2026.

Additionally, Bakkt disclosed plans to hold an investor day on March 17, 2026, at the New York Stock Exchange. The event will provide more information about the company’s future plans and strategies. The acquisition marks a significant step in Bakkt’s journey towards becoming a unified global financial infrastructure platform, combining market presence and technology to serve merchants, financial institutions, and end users worldwide.

Read more at Yahoo Finance: Bakkt to acquire stablecoin payments firm DTR