Bakkt Holdings (BKKT) brought Akshay Naheta as a CO-PDG and concludes a strategic partnership with the Naheta payment start-up, distributed Technologies Research (DTR), while the company moves to unlock new income flows.
Naheta, a former SoftBank bank manager with investments in Nvidia and Arm, will officially join the Bakkt management team from today. Alongside the current CEO Andy Main, he should help deepen the company in payments compatible with the blockchain. Naheta also joins the Bakkt board of directors.
The centerpiece of the ad is a planned integration of the Bakkt trading and brokerage platform with the payment infrastructure based on the DTR reserve. DTR’s infrastructure, according to a press release, has taken advantage of a series of API, blockchain technology and a proprietary routing system to help reduce costs and complexity in its solutions.
Bakkt claims that the combination will unlock new sources of income in cryptographic trading and cross -border payments, pending regulatory approvals.
The Bakkt share price has dropped more than 18% in the last three days after revealing that neither Bank of America (BAC) nor the Crypto Webull Pay trading application is renewing their agreements with the company.
