Former SoftBank executive Akshay Naheta may sell part of his stake in stablecoin startup company DTR

On December 11, according to informed sources, former SoftBank Group executive Akshay Naheta, known for overseeing some of its largest transactions, is currently in preliminary negotiations to sell a minority stake in the stablecoin payment startup he co-founded. Distributed Technologies Research Ltd., which uses blockchain to process cross-border payments with stablecoins, will use this funding to expand into new markets including the United States. The insiders said that they did not want to disclose their names because the negotiations were private. They stated that it is currently unclear about the scale and valuation of the initial public fundraising as the company is negotiating with multiple strategic investors and venture capital firms.