Baked Holdings (BKKT) brings Akshay Naheta as CO-CEO and enters a strategic partnership with Naheta’s payment start, distributed Technologies Research (DTR) when the company moves to unlock new revenue streams.

Naheta, a former softbank director with previous investments in Nvidia and Arm, will officially join Bakt’s leadership team from today. Alongside the current CEO Andy Main, he is expected to help manage the company deeper into blockchain-activated payments. Naheta also joins Bakt’s board of directors.

The midpoint of the message is a planned integration of Bakett’s Trade and Broker Platform with DTR’s StableCOin-based paying infrastructure. According to a press release, DTR’s infrastructure utilizes a package of APIs, Blockchain technology and a proprietary routing system to reduce costs and complexity of its solutions.

Baked says the combination will unlock new revenue streams in both crypto trading and cross -border payments, pending regulatory approvals.

Bakett’s share price fell over 18% over the past three days after it revealed that neither Bank of America (BAC) nor the Crypto Trading app webull Pay would renew their agreements with the company.