SoftBank Veteran Akshay Naheta Bets Big on Payment Infrastructure Innovation

SoftBank Veteran Akshay Naheta Bets Big on Payment Infrastructure Innovation
Akshay Naheta, a SoftBank executive known for bold investments, is launching Distributed Technologies Research (DTR) to modernize global payment systems. The startup aims to bridge traditional banking and blockchain with its technology, AmalgamOS, which can reduce costs and inefficiencies in payments. DTR connects banks to blockchain networks, enabling businesses to streamline transactions while ensuring compliance. With connections to 12,000 banks across Europe, DTR targets businesses facing challenges in the fragmented payment landscape. Naheta's approach emphasizes compliance and institutional credibility as competition heats up in the fintech sector.