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Ex-SoftBank Executive Sets Up Stablecoin to Dodge High Inflation
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. Unlike most coins in the market that are tied to the US dollar, DRAM coins ... (full story)
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- Posted: Oct 1, 2023 10:39pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 310
