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Bakkt appoints Akshay Naheta as Co-CEO and partners with stablecoin payment company DTR.
PANews March 20 news, according to Businesswire, Bakkt Holdings, Inc. (NYSE: BKKT) announced that starting from 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 introduces that Akshay has over 20 years of industry experience, bringing a deep understanding of blockchain, financial markets, and payment systems to Bakkt. Previously, he held executive positions at SoftBank Group, overseeing numerous leading technology investments including ARM, Auto1, and Nvidia. After leaving SoftBank, Akshay founded a distributed technology research company (DTR) aimed at building the next generation of global payment infrastructure. In addition, 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.