Bakkt has completed its acquisition of Distributed Technologies Research (DTR), integrating AI-native stablecoin infrastructure into its financial services. This strategic move aims to modernize global settlement by embedding stablecoin capabilities directly into Bakkt's core infrastructure, facilitating a 24/7 digital settlement layer that bypasses traditional banking friction. The acquisition follows a transformative period for Bakkt, which reported $402.2 million in GAAP revenue for the third quarter, marking a 27% increase year-over-year. The company also completed a major structural overhaul, including the sale of its noncore loyalty business and governance simplification. Financially, Bakkt ended the quarter debt-free with $64.4 million in cash, despite a net loss of $23.2 million. The company issued over 11 million shares to DTR's holders as part of the acquisition agreement. Bakkt's new strategy focuses on three business lines: Bakkt Markets, Bakkt Agent, and Bakkt Global. The company has also strengthened its leadership team and plans to detail its growth strategy at an upcoming Investor Day.