barnyarddog
3 weeks ago
About DTR:
Distributed Technologies Research, or DTR, is a cutting-edge financial technology company on a mission to build the next generation of global payments. By leveraging a comprehensive suite of APIs and blockchain technology, advanced chain-agnostic stablecoin infrastructure, and a proprietary routing system, DTR delivers easy-to-integrate solutions designed to eliminate complexity and reduce costs β empowering businesses to scale with the next generation of digital payments. DTRβs founding team brings decades of senior leadership experience across traditional financial services, global payments technology, blockchain and web3.
barnyarddog
3 weeks ago
Mar 19, 2025
Bakkt Announces Akshay Naheta as co-CEO of Bakkt and Strategic Partnership with Distributed Technologies Research
Bakkt to add visionary leadership and deepen its bench of subject matter expertise with the appointment of Akshay Naheta as co-CEO of Bakkt and member of the board
Commercial agreement to combine Bakktβs high-performance crypto trading platform with Distributed Technology Researchβs cutting-edge stablecoin payments platform
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) today announced that, effective March 21, 2025, it will bring on Akshay Naheta, a seasoned executive with a proven track record in the finance and technology industries, to serve as co-CEO of Bakkt, alongside Andy Main, current CEO.
With over 20 years of experience, Akshay brings an intricate understanding of blockchain, financial markets, and payment systems to Bakkt. Previously, he held senior executive roles at SoftBank Group, where he was responsible for numerous leading technology investments, such as ARM, Auto1 and Nvidia. Akshay left SoftBank to found Distributed Technologies Research (DTR) with the goal of building the next generation of global payments infrastructure.
In conjunction with the announcement of Akshayβs impending appointment, Bakkt and DTR plan to enter into a commercial agreement to integrate DTR's stablecoin-based payments technology infrastructure with Bakktβs market-leading crypto trading and brokerage technology, subject to applicable regulatory approvals. Once this partnership takes effect, Bakkt believes it will be positioned to unlock new revenue streams in crypto trading and stablecoin payments, while adding efficiency to the vast and rapidly growing cross-border payments market.
The Next Step for Bakkt
"This partnership marks a pivotal moment for Bakkt," said Andy Main, CEO of Bakkt. "We believe that Akshay joining the leadership team and integration of DTRβs technology with Bakkt will propel us from a leading crypto technology platform and liquidity provider into a more comprehensive, utility-based, institutional digital assets trading and payments platform. Our mission is to deliver the best possible experiences in trading and payments, empowering our clients to scale into the next generation of digital finance. Weβre thrilled to welcome Akshay and eager to unlock the full potential of our partnership."
βI founded DTR with the vision that stablecoins provide unparalleled efficiency and utility in shaping the future of payment systems,β said Akshay Naheta, DTR's founder. βThe partnership between Bakkt and DTR will capitalize on their respective strengths, and I am excited to work with both teams as we begin to address the growing demand from customers for fast and efficient crypto infrastructure and payment solutions in the U.S. and globally.β
Sean Collins, Chairman of Bakktβs board, welcomed Nahetaβs appointment, stating, "Akshayβs deep expertise in blockchain systems and fintech makes him an ideal leader for this next phase of Bakktβs growth. His vision for the future of payments aligns perfectly with Bakktβs mission, and we couldnβt be more excited to have him helping lead the company forward."
https://www.businesswire.com/news/home/20250319960449/en/Bakkt-Announces-Akshay-Naheta-as-co-CEO-of-Bakkt-and-Strategic-Partnership-with-Distributed-Technologies-Research
barnyarddog
5 months ago
XRP News: Lawyer Eyes Massive Rally Amid Trumpβs US Crypto Tax Exemption
...Donald Trump has made several promises to the crypto market during his election campaigns. Besides, he also pledged to make America the crypto capital of the world, which has sparked discussions in the market. Now, with his victory in the presidential race last week, rumors have swirled that the Republican administration will eliminate capital gains taxes on cryptocurrencies issued by the US firm.
If Trumpβs crypto tax exemption plan comes true, then the investors can make more profits by holding crypto like ADA, XRP, HBAR, and others. Among other XRP news, this rumor appears to have bolstered the market confidence, while also increasing the US appeal to the crypto market. Many other nations like the UK have started moving their crypto plans to counter the soaring US appeal to global investors.
November 14, 2024
https://coingape.com/xrp-news-lawyer-eyes-massive-rally-amid-trumps-us-crypto-tax-exemption/
barnyarddog
5 months ago
Sector
Technology
Industry
Financial Technology (Fintech) & Infrastructure
Bakkt Holdings, Inc. operates technology that connects the digital economy by offering a platform for crypto and redeeming loyalty points. It enables its clients to deliver new opportunities to their customers through an interactive Web experience or application programming interfaces (API) solutions that unlock crypto and drive loyalty. The Company operates primarily through the Bakkt Marketplace, LLC (Bakkt Marketplace) and Bakkt Crypto Solutions, LLC (Bakkt Crypto). The Companyβs platform provides consumers, businesses and institutions with the ability to buy, sell and store crypto in a simple, intuitive digital experience accessed via APIs or embedded Web experience. Bakkt Crypto offers customers the ability to purchase, sell, store and, in approved jurisdictions, deposit and withdraw approved crypto assets, all from within the applications of its clients with whom customers already have a relationship.
Headquarters
10000 Avalon Boulevard, Suite 1000
Alpharetta, GA
30009