"By embedding stablecoin capabilities directly into its core infrastructure, Bakkt is positioning itself to deliver a 24/7 digital settlement layer that bypasses the friction of traditional correspondent banking."
"This transaction accelerates the re-platforming of global financial infrastructure. By fully integrating DTR's technology, we are introducing stablecoin functionality as a critical bridge between legacy financial systems and the next generation of digital assets."
Bakkt Inc. has completed the acquisition of Distributed Technologies Research, enhancing its financial services with AI-native stablecoin infrastructure. This acquisition follows a successful third quarter with a 27% revenue increase. The integration aims to create a 24/7 digital settlement layer, improving money movement by bypassing traditional banking friction. Bakkt's strategy now focuses on three business lines: Bakkt Markets, Bakkt Agent, and Bakkt Global. The company ended the third quarter debt-free with significant cash reserves, despite reporting a net loss.
Read at news.bitcoin.com
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