Ex-SoftBank Executive Sets Up Stablecoin to Dodge High Inflation
- Akshay Naheta sets up DTR in Abu Dhabi’s financial free zone
- Naheta helped steer some of SoftBank’s most lucrative deals
This article is for subscribers only.
Akshay Naheta, a former SoftBank Group Corp. executive who steered some of the firm’s biggest deals, is launching a new company in Abu Dhabi focusing on stablecoin technology.
The 42-year-old financier has set up DTR within the emirate’s international financial free zone and will partner on the project with Hong Kong-based DRAM Trust, which has ties to several high-net-worth individuals. They’re looking to capitalize on a stablecoin market that analysts at Bernstein estimate will grow more than 20-fold to $2.8 trillion in five years.