{"id":27236,"date":"2026-05-01T07:58:09","date_gmt":"2026-05-01T07:58:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bakkt-bets-on-stablecoins-after-completing-dtr-deal\/"},"modified":"2026-05-01T07:58:22","modified_gmt":"2026-05-01T07:58:22","slug":"bakkt-bets-on-stablecoins-after-completing-dtr-deal","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bakkt-bets-on-stablecoins-after-completing-dtr-deal\/","title":{"rendered":"Bakkt bets on stablecoins after completing DTR deal"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p><strong>Bakkt has completed its acquisition of Distributed Technologies Research, a stablecoin payments infrastructure firm.\u00a0<\/strong><\/p>\n<div id=\"cn-block-summary-block_1c432a1219fc918efa1d0d22ae195f2f\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bakkt issued over 11.3 million shares to complete its acquisition of DTR.<\/li>\n<li>DTR brings stablecoin payments technology and compliance tools into Bakkt\u2019s institutional platform.<\/li>\n<li>Bakkt shares recovered after the deal closed, rising from Wednesday\u2019s earlier decline.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2026\/04\/30\/3285536\/0\/en\/bakkt-completes-acquisition-of-distributed-technologies-research.html\" target=\"_blank\" rel=\"nofollow\">deal<\/a> brings DTR\u2019s agentic payments technology and compliance tools into Bakkt\u2019s regulated institutional platform.<\/p>\n<p>The company said the combined platform will support institutions and fintechs seeking faster digital payments. Bakkt aims to build a 24\/7 digital settlement layer using stablecoin technology.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Stablecoin settlement becomes core focus<\/strong><\/h2>\n<p>Bakkt said DTR\u2019s AI-native engine will be added to its existing infrastructure. The company expects the integration to reduce reliance on traditional correspondent banking systems.<\/p>\n<p>Bakkt CEO Akshay Naheta said, \u201cThe architecture of money movement rarely evolves at this level.\u201d He added that the deal introduces stablecoin functionality as a bridge between legacy finance and digital assets.<\/p>\n<p>At closing, Bakkt issued 11,316,775 Class A common shares to DTR\u2019s beneficial holders. The company may issue up to 725,592 more shares tied to outstanding warrants.<\/p>\n<p>The transaction was first announced in January. At that time, the deal involved 9.3 million shares. Bakkt also announced a corporate name change to Bakkt Inc. during the same period.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Bakkt stock recovers after earlier drop<\/strong><\/h2>\n<p>Bakkt shares fell about 8% to $7.86 before the deal closed. The stock later <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.google.com\/finance\/beta\/quote\/BKKT:NYSE?sa=X&amp;ved=2ahUKEwj-vNmclpeUAxWmjq8BHT5MHfoQ3ecFKAR6BAgoEAU\" target=\"_blank\" rel=\"nofollow\">recovered<\/a> to $8.62 by Thursday\u2019s market close.<\/p>\n<p>The company has faced pressure in recent years. In 2024, the NYSE warned Bakkt over a possible delisting after its share price stayed below $1 for 30 days.<\/p>\n<p>Bakkt was founded in 2018 and is majority-owned by Intercontinental Exchange. The firm has worked with major brands, including Starbucks and Mastercard. The DTR deal now places stablecoin payments at the center of its next growth plan.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bakkt has completed its acquisition of Distributed Technologies Research, a stablecoin payments infrastructure firm.\u00a0 Summary Bakkt issued over 11.3 million shares to complete its acquisition of DTR. DTR brings stablecoin&hellip;<\/p>\n","protected":false},"author":1,"featured_media":27237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27236"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27236\/revisions"}],"predecessor-version":[{"id":27238,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27236\/revisions\/27238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/27237"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}