Bakkt to Acquire Distributed Technologies Research in Stablecoin Payments Push
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.
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 “Bakkt Share Number” 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 Bakkt’s Stablecoin Settlement Strategy
Bakkt said the acquisition is expected to accelerate its time-to-market for stablecoin settlement by bringing core infrastructure in-house.
The company believes owning DTR’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 Bakkt’s broader ambition to position itself as a programmable money and next-generation financial infrastructure platform.
The transaction was reviewed and approved by an independent special committee of Bakkt’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 Bakkt’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 “Bakkt, Inc.” Effective January 22
Separately, Bakkt announced it will change its corporate name to “Bakkt, Inc.” 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 “Bitcoin.jp,” 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.
FAQs
Frequently Asked Questions
What is a Premium Domain Name? A premium domain name is the digital equivalent of prime real estate. It’s a short, catchy, and highly desirable web address that can significantly boost your brand's impact. These exclusive domains are already owned but available for purchase, offering you a shortcut to a powerful online presence. Why Choose a Premium Domain? Instant Brand Boost: Premium domains are like instant credibility boosters. They command attention, inspire trust, and make your business look established from day one. Memorable and Magnetic: Short, sweet, and unforgettable - these domains stick in people's minds. This means more visitors, better recall, and ultimately, more business. Outshine the Competition: In a crowded digital world, a premium domain is your secret weapon. Stand out, get noticed, and leave a lasting impression. Smart Investment: Premium domains often appreciate in value, just like a well-chosen piece of property. Own a piece of the digital world that could pay dividends. What Sets Premium Domains Apart? Unlike ordinary domain names, premium domains are carefully crafted to be exceptional. They are shorter, more memorable, and often include valuable keywords. Plus, they often come with a built-in advantage: established online presence and search engine visibility. How Much Does a Premium Domain Cost? The price tag for a premium domain depends on its desirability. While they cost more than standard domains, the investment can be game-changing. Think of it as an upfront cost for a long-term return. BrandBucket offers transparent pricing, so you know exactly what you're getting. Premium Domains: Worth the Investment? Absolutely! A premium domain is more than just a website address; it's a strategic asset. By choosing the right premium domain, you're investing in your brand's future and setting yourself up for long-term success. What Are the Costs Associated with a Premium Domain? While the initial purchase price of a premium domain is typically higher than a standard domain, the annual renewal fees are usually the same. Additionally, you may incur transfer fees if you decide to sell or move the domain to a different registrar. Can I Negotiate the Price of a Premium Domain?
In some cases, it may be possible to negotiate the price of a premium domain. However, the success of negotiations depends on factors such as the domain's demand, the seller's willingness to negotiate, and the overall market conditions. At BrandBucket, we offer transparent, upfront pricing, but if you see a name that you like and wish to discuss price, please reach out to our sales team.
How Do I Transfer a Premium Domain?
Transferring a premium domain involves a few steps, including unlocking the domain, obtaining an authorization code from the current registrar, and initiating the transfer with the new registrar. Many domain name marketplaces, including BrandBucket, offer assistance with the transfer process.
