Bakkt, Inc. Completes Acquisition of Distributed Technologies Research

Bakkt, Inc. has completed its acquisition of Distributed Technologies Research (DTR) through its subsidiary Bividen Limited. The acquisition, initially agreed upon in a Share Purchase Agreement dated January 11, 2026, involved Bakkt issuing 11,316,775 shares of its Class A Common Stock to DTR's shareholders. This strategic move integrates DTR's agentic technology and compliance stack with Bakkt's existing institutional infrastructure, aiming to enhance capabilities in the global payments market, particularly by embedding stablecoin functionality into Bakkt's core systems. The transaction is expected to create a 24/7 digital settlement layer, bypassing traditional correspondent banking friction and positioning the combined entity to capitalize on the cross-border payments market. Akshay Naheta, CEO of Bakkt, highlighted the acquisition as a significant step in re-platforming global financial infrastructure. The company also noted that additional shares may be issued post-closing, depending on the exercise of certain warrants. Financial statements and pro forma information related to the acquisition will be filed via amendment within 71 days.