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Bakkt to Acquire Stablecoin Infrastructure Provider DTR in All-Stock Deal

The move advances Bakkt’s pivot toward programmable payments with a Jan. 22, 2026 rebrand planned.

Overview

  • Bakkt will issue Class A shares equal to 31.5% of the Bakkt Share Number, currently estimated at about 9.13 million, to DTR shareholders.
  • Completion remains subject to regulatory approvals and a shareholder vote, with Intercontinental Exchange committed to support.
  • Bakkt shares rose roughly 10% following the announcement, according to market reports.
  • The acquisition brings access to DTR’s ION Network to support stablecoin-based cross-border settlement and programmable payments.
  • Company leaders say the deal consolidates stablecoin infrastructure, sets up a neobanking rollout with distribution partners in the coming months, and includes a corporate name change to Bakkt, Inc. effective Jan. 22, 2026.