Bakkt (BKKT) announced that, effective March 21, it will bring on Akshay Naheta to serve as co-CEO of Bakkt, alongside Andy Main, current CEO. Naheta founded Distributed Technologies Research, or DTR, with the goal of building the next generation of global payments infrastructure. In conjunction with the announcement of Akshay’s impending appointment, Bakkt and DTR plan to enter into a commercial agreement to integrate DTR’s stablecoin-based payments technology infrastructure with Bakkt’s 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.
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