Bakkt has announced a stock acquisition deal for Distributed Technologies Research, with the transaction valued at approximately $168 million. The move is designed to bolster Bakkt's stablecoin payment infrastructure capabilities. Through this acquisition, the platform aims to strengthen its position in the digital payments space and enhance its ability to support stablecoin transactions at scale. The deal represents a strategic expansion for Bakkt as it continues to build out its payment processing ecosystem in the growing Web3 financial landscape.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
7
Repost
Share
Comment
0/400
MagicBean
· 2h ago
Spending 16.8 billion just to establish a stablecoin payment system? Bakkt's move is quite interesting.
View OriginalReply0
HodlKumamon
· 9h ago
16.8 billion poured in, and the bear calculates that this wave of stablecoin infrastructure will once again lead to intense competition. Keep it up, meow~
View OriginalReply0
OnchainSniper
· 9h ago
$16.8 billion invested, is the stablecoin infrastructure about to take off? Bakkt's move is a bit aggressive.
View OriginalReply0
GasFeeCrier
· 9h ago
$16.8 billion invested just for the entire stablecoin infrastructure? Bakkt is serious about playing big.
View OriginalReply0
MentalWealthHarvester
· 9h ago
bakkt is throwing money again, the stablecoin infrastructure sector is really competitive.
View OriginalReply0
NftMetaversePainter
· 9h ago
actually, the true value proposition here lies in bakkt's algorithmic infrastructure play—they're essentially acquiring the hash primitives necessary for scalable payment computation. $168m feels almost quaint when you consider the topological implications of stablecoin settlement at blockchain layer...
Reply0
FOMOmonster
· 9h ago
Still spending money to buy the ecosystem, what can 16.8 billion get us?
Bakkt has announced a stock acquisition deal for Distributed Technologies Research, with the transaction valued at approximately $168 million. The move is designed to bolster Bakkt's stablecoin payment infrastructure capabilities. Through this acquisition, the platform aims to strengthen its position in the digital payments space and enhance its ability to support stablecoin transactions at scale. The deal represents a strategic expansion for Bakkt as it continues to build out its payment processing ecosystem in the growing Web3 financial landscape.