According to a report by Deep Tide TechFlow, on December 11, Bloomberg reported that former SoftBank executive Akshay Naheta is in early negotiations to sell a minority stake in the stablecoin payment company he co-founded, Distributed Technologies Research (DTR).
The company uses blockchain to process stablecoins for cross-border payments, and this funding will be used to expand into new markets, including the United States. Currently, the company is negotiating with multiple strategic investors and venture capital firms, and the scale and valuation of the initial public offering remain unclear.