Akshay Naheta, a former SoftBank executive known for leading several significant deals, is reportedly in talks to sell a minority stake in Distributed Technologies Research (DTR), the stablecoin payments startup he co-founded.
A DTR spokesperson highlighted the company’s growing footprint, stating it currently operates in over 40 countries and aims to scale its services to over 100 countries by next year, with billions of dollars in transactions projected.
Naheta, a former Deutsche Bank trader, gained recognition at SoftBank for orchestrating high-profile deals, including a $4 billion investment in Nvidia in 2017, which generated a $3 billion profit. He also played a key role in the proposed chip designer Arm Holdings sale to Nvidia.
The DTR founding team includes prominent financial figures such as Jason Griffith, former global head of equities at Jefferies Financial Group, and Hasan Sabri, former COO of SB Management Ltd., further solidifying its position as a key player in blockchain payments.
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