Bakkt appoints Akshay Naheta as co-CEO and partners with stablecoin payment company DTR
ChainCatcher news, according to Businesswire, Bakkt Holdings, Inc. (NYSE: BKKT) announced that starting March 21, 2025, it will appoint "an executive with a strong track record and extensive experience in the financial and technology sectors," Akshay Naheta, to serve as co-CEO of Bakkt alongside current CEO Andy Main.Bakkt stated that Akshay brings over 20 years of experience, providing a deep understanding of blockchain, financial markets, and payment systems. Previously, he served as an executive at SoftBank Group, overseeing numerous leading technology investments, including ARM, Auto1, and Nvidia. After leaving SoftBank, Akshay founded Distributed Technologies Research (DTR), aimed at building the next generation of global payment infrastructure.Additionally, Bakkt and Distributed Technologies Research (DTR) plan to sign a commercial agreement to combine DTR's stablecoin-based payment technology infrastructure with Bakkt's cryptocurrency trading and brokerage technology, pending approval from relevant regulatory authorities.