Bakkt Acquires Stablecoin Provider DTR And Announces Corporate Rebrand To Strengthen Payments And Banking
Bakkt Holdings is acquiring Distributed Technologies Research Ltd., a stablecoin payment provider, by issuing about 9.13 million shares to DTR shareholders. The deal aims to speed up Bakkt’s stablecoin services, reduce reliance on third parties, and support upcoming neobanking and payment offerings.
Weatherly