Bakkt Appoints Akshay Naheta as Co-CEO, Integrates DTR Technology

Bakkt, a prominent cryptocurrency exchange platform, has announced the appointment of Akshay Naheta as its Co-CEO and Board Member, effective March 21, 2025. This strategic move is aimed at bolstering the company's leadership team and integrating Distributed Technology Research (DTR), a company founded by Naheta, into Bakkt's operations. Naheta will serve alongside the current CEO, Andy Main, to drive the company's growth and innovation in the digital asset space.

Naheta brings a wealth of experience to Bakkt, having held senior management positions at SoftBank Group, where he oversaw tech investments in notable companies such as ARM, Auto1, and Nvidia. After leaving SoftBank, he founded DTR with the goal of building the next generation of global payment infrastructure. This background positions Naheta as a valuable asset to Bakkt, given his expertise in fintech and investment sectors.

In addition to his new role, Bakkt and DTR plan to enter into a commercial agreement to integrate DTR's stablecoin-based payment technology infrastructure with Bakkt's cryptocurrency trading and brokerage technology. This collaboration is expected to enhance Bakkt's capabilities in the digital asset market, further solidifying its position as a leader in the industry. The integration of DTR's technology will likely bring new efficiencies and innovations to Bakkt's platform, benefiting both the company and its users.

This appointment comes at a time when Bakkt is expanding its strategic partnerships and enhancing its market position. The company's decision to bring on Naheta as co-CEO underscores its commitment to innovation and growth in the digital asset space. With Naheta's leadership and the integration of DTR's technology, Bakkt is poised to continue its trajectory of success and expansion in the rapidly evolving world of digital assets.