Blockchain infrastructure company Bakkt is set to acquire stablecoin infrastructure provider Distributed Technologies Research (DTR), The Block reported on Jan. 12.
Bakkt said DTR's technology and assets would accelerate stablecoin settlement, reduce reliance on outside firms and support future revenue generation in payments and banking use cases.
The deal was led by DTR founder and Bakkt's sole CEO Akshay Naheta. Naheta was appointed Bakkt co-CEO in March 2025 and later announced plans to integrate stablecoin payments into Bakkt's cryptocurrency trading platform through a strategic partnership with DTR.
Naheta said the deal was the culmination of a unified integration strategy. He said fully integrating DTR into Bakkt would complete the work of transforming Bakkt into a global financial infrastructure platform.
Chi-gyu Hwang
delight@d-today.co.kr