Bakkt appoints Akshay Naheta as co-CEO and reaches cooperation with stablecoin payment company DTR

PANews reported on March 20 that according to Businesswire, Bakkt Holdings, Inc. (NYSE: BKKT) announced that starting March 21, 2025, it will hire Akshay Naheta, an executive with "a good track record and rich experience in the financial and technology industries," as co-CEO of Bakkt together with current CEO Andy Main.

Bakkt said that Akshay has more than 20 years of experience in the industry and brings a deep understanding of blockchain, financial markets and payment systems to Bakkt. Previously, he served as an executive at SoftBank Group, responsible for many leading technology investments such as ARM, Auto1 and Nvidia. After leaving SoftBank, Akshay founded Distributed Technologies Research (DTR) to build 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, subject to approval from relevant regulatory authorities.