Digital asset company Bakkt announced the completion of its acquisition of stablecoin infrastructure company Distributed Technologies Research (DTR) through an equity transaction. Under the agreement, Bakkt issued over 11.3 million shares to DTR beneficial holders, with the potential issuance of approximately 725,000 additional shares. Bakkt CEO Akshay Naheta stated that the transaction aims to combine Bakkt's institutional-grade infrastructure with DTR's native AI payment engine and stablecoin technology to build a 24/7 digital settlement layer, providing a crucial bridge between the traditional financial system and next-generation digital assets. Furthermore, the company has been renamed Bakkt Inc. Previously, the project raised $48 million through a stock sale in February to address market uncertainty and potential delisting risks. (Cointelegraph)