Bakkt Holdings (BKKT) is bringing Akshay Naheta as a co-zo and entering a strategic association with the Naheta payment startup, distributed Technologies Research (DRT), as the company moves to unlock new sources of income.
Naheta, a former SoftBank executive with previous investments in NVIDIA and ARM, will officially join the Bakkt leadership team as of today. Together with the current CEO Andy Main, it is expected to help direct the company more deeply in payments enabled for blockchain. Naheta also joins Bakkt’s board.
The centerpiece of the announcement is a planned integration of the Bakkt negotiation and negotiation platform with the PPT -based payment infrastructure of DTR. DTR infrastructure, according to a press release, takes advantage of an API set, blockchain technology and a patented routing system to help reduce costs and complexity in their solutions.
Bakkt says that the combination will unlock new sources of income both in cryptography trade and cross -border payments, waiting for regulatory approvals.
The price of Bakkt’s shares collapsed more than 18% in the last three days after it revealed that neither Bank of America (BAC) nor the WebULL Pay cryptographic trade application would renew their agreements with the company.
