Bakkt Holdings, Inc. announced the appointment of Akshay Naheta as co-CEO, effective March 21, 2025, to serve alongside current CEO Andy Main. Naheta brings over 20 years of experience in finance and technology, including senior executive roles at SoftBank Group, with expertise in blockchain, financial markets, and payment systems.
In conjunction with Naheta's appointment, Bakkt plans to enter a commercial agreement with Distributed Technologies Research (DTR), a company founded by Naheta. This partnership aims to integrate DTR's stablecoin-based payments technology infrastructure with Bakkt’s crypto trading and brokerage technology, subject to regulatory approvals.
This strategic collaboration is expected to unlock new revenue streams in crypto trading and stablecoin payments, enhancing efficiency in the rapidly growing cross-border payments market. The move positions Bakkt to evolve into a more comprehensive, utility-based, institutional digital assets trading and payments platform.
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