TechFlow news, December 11 — According to Bloomberg, sources revealed that Akshay Naheta, former executive at SoftBank Group, is in early-stage talks regarding the sale of a minority stake in Distributed Technologies Research (DTR), a stablecoin payments startup he co-founded. The company uses blockchain technology to process stablecoin-based cross-border payments, and proceeds from this fundraising will support expansion into new markets including the United States.
As the company is currently negotiating with multiple strategic investors and venture capital firms, the size and valuation for its initial fundraising round have not yet been determined.
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