TechFlow news — On March 21, according to CoinDesk, cryptocurrency firm Bakkt Holdings (ticker: BKKT) announced the appointment of former SoftBank executive Akshay Naheta as Co-CEO, and established a strategic partnership with Distributed Technologies Research (DTR), a payments startup founded by Naheta, aiming to unlock new revenue streams.
Naheta, who previously invested in companies such as NVIDIA and ARM during his tenure at SoftBank, will officially join Bakkt’s leadership team on March 21, co-leading the company alongside current CEO Andy Main to advance deeper into the blockchain payments space. Additionally, Naheta will join Bakkt’s board of directors.
The core of this collaboration involves integrating Bakkt’s trading and brokerage platform with DTR’s stablecoin-based payment infrastructure. According to the official press release, DTR’s infrastructure leverages a suite of APIs, blockchain technology, and proprietary routing systems designed to reduce the cost and complexity of payment solutions.
