Distributed Technologies Research Acquired by Bakkt | Financial Services M&A Deal

Bakkt has completed the acquisition of Distributed Technologies Research, a payments processing business in Georgia, for $44. Bakkt acquires Distributed Technologies Research to combine regulated institutional rails and licensing footprint with DTR’s agentic payments and stablecoin infrastructure. The Distributed Technologies Research acquisition is designed to support 24/7 digital settlement and reduce friction versus traditional correspondent banking for cross-border payments processing in Atlanta, GA. This add on acquisition is part of Bakkt acquisitions and financial services M&A, with Bakkt issuing 11,316,775 shares of Class A common stock at closing and potentially up to 725,592 additional shares tied to outstanding warrants.