Bakkt Holdings, Inc. said it has agreed to acquire Distributed Technologies Research Ltd. (DTR), marking progress in its strategy to build stablecoin settlement and programmable payments capabilities. The transaction will be executed through an all-equity consideration, with Bakkt issuing shares of its Class A common stock representing 31.5% of the “Bakkt Share Number” defined under a previously disclosed cooperation agreement between the two companies. Based on the current share number, this equates to ...

Core Insights - Visa has partnered with Aquanow to enhance stablecoin settlement capabilities in the CEMEA region, aiming to modernize payment systems and reduce reliance on traditional intermediaries [1][3][4] Group 1: Partnership and Technology Integration - The integration of Visa's technology with Aquanow's digital asset infrastructure will enable transactions to be settled using approved stablecoins, which is expected to lower costs and improve settlement times [2][4] - Visa's partnership with Aquanow is seen as a significant step towards modernizing payment systems and preparing institutions for future money movement [3][5] Group 2: Strategic Vision and Market Position - Visa is focused on building a multicoin and multichain foundation to meet global partner needs, emphasizing the transformative potential of trusted and scalable stablecoins [5][6] - The company is actively piloting and partnering with stablecoin firms to streamline treasury operations and enhance liquidity management for cross-border transactions [6]