Wu Shuo has learned that Bakkt announced it has reached an agreement to acquire stablecoin payment infrastructure provider Distributed Technologies Research Ltd. (DTR) to advance its stablecoin settlement and programmable payment strategy. Under the agreement, Bakkt will issue approximately 9.129 million Class A common shares (about 31.5% of the agreed shares) to DTR shareholders. The transaction is still subject to regulatory and shareholder approval. Additionally, Bakkt plans to change its name to "Bakkt, Inc." on January 22, 2026, with the stock ticker BKKT remaining unchanged.