Overview
- Bakkt will issue Class A common stock to DTR shareholders to complete the transaction.
- Integration of DTR’s ION Network is intended to enable stablecoin settlement, cross-border payments, and AI-driven programmable finance.
- CEO Akshay Naheta described the acquisition as advancing a long-planned single global financial infrastructure platform.
- Board member Mike Alfred said the deal readies Bakkt to roll out a neobanking model with multiple distribution partners in the coming months.
- Bakkt plans to rename the company Bakkt, Inc. and retain the NYSE ticker BKKT, with closing still subject to shareholder and regulatory review.