← Embedded Finance Index 2026

DTR

“Can a blockchain-native, AI-agentic payments layer eliminate the friction, cost, and latency of traditional correspondent banking for cross-border transactions at institutional scale?”

Founded2023
HQZug, Switzerland (also registered in Lithuania)
FoundersAkshay Naheta
Latest roundM&A (Acquired by Bakkt, completed April 30, 2026)
IndustryFintech / Cross-border payments
The story

Founded in 2023 by Akshay Naheta, a former SoftBank executive behind the 'Nasdaq whale' options trades and the attempted Nvidia-ARM merger, DTR was purpose-built to modernize global payments infrastructure by merging traditional fiat rails with blockchain and stablecoin technology. The company's Unblock Payments API targeted cross-border payments, global payroll, merchant checkout, and treasury management for businesses. In 2025-2026, Bakkt acquired DTR to embed stablecoin capabilities into Bakkt's regulated institutional infrastructure, effectively folding DTR's agentic AI-native compliance stack and stablecoin rails into a larger publicly traded entity.

Last 12 months
2025-01
2026-04-30
Product timeline
2023
Founded by SoftBank veteran Akshay Naheta as a Zug, Switzerland-based startup to build next-generation global payments infrastructure bridging traditional banking and blockchain.· pivot
2025
Launched Unblock Payments API, combining fiat payment rails with stablecoin/blockchain technology for cross-border payments, global payroll, merchant checkout, and treasury management.· banking
2025
Bakkt announced acquisition of DTR in an all-stock transaction to combine Bakkt's regulated institutional rails with DTR's agentic payments and stablecoin infrastructure.· acquisition
2026
Bakkt completed acquisition of DTR on April 30, 2026, creating a unified platform for institutions and fintechs targeting a $44T global payments market.· acquisition
The stack
1 layer disclosed in DTR’s embedded-finance stack
KYC
Sumsub
Accounting gap: none