ApideckTape
← 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

DTR — frequently asked

Which KYC provider does DTR use?

DTR uses Sumsub for KYC and identity verification.

Who founded DTR?

DTR was founded by Akshay Naheta and is founded in 2023, headquartered in Zug, Switzerland (also registered in Lithuania).

Benchmark your own stack

Request an embedded finance strategy assessment

Get a read on where your own stack stands against DTR and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.

  • Your category, mappedHow your stack compares to DTR and the other companies in its category.
  • Build vs. buyWhere a provider relationship would close a gap faster than building it.
  • A named analyst, not a form replyA short call to scope what's actually worth assessing for you.

No newsletter, no sharing your address. We use this to reach out about the assessment and nothing else.