Business
Bakkt Announces Akshay Naheta as co-CEO of Bakkt and Strategic Partnership with Distributed Technologies Research
ALPHARETTA, Ga., March 19, 2025--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.
About this update from Bakkt, Inc.
[{"type":"text","content":"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","length":163,"tagName":"p","attribs":{}},{"type":"text","content":"Commercial agreement to combine Bakkt’s high-performance crypto trading platform with Distributed Technology Research’s cutting-edge stablecoin payments platform","length":161,"tagName":"p","attribs":{}},{"type":"text","content":"ALPHARETTA, Ga., March 19, 2025--(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.","length":316,"tagName":"p"},{"type":"text","content":"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.","length":452,"tagName":"p"},{"type":"text","content":"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 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.","length":547,"tagName":"p"},{"type":"text","content":"The Next Step for Bakkt","length":23,"tagName":"p"},{"type":"text","content":""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 DTR’s technology with Bakkt will propel us from a leading crypto technology platform and liquidity provider into a more comprehensive, utility-based, institutional digital assets...