Dakota, a neobank focused on stablecoins, is revolutionizing global payments for fintechs and businesses. Founded by seasoned professionals from major companies, Dakota aims to solve the challenges associated with cross-border transactions that remain slow and costly. By leveraging innovative technology, it provides the necessary infrastructure to facilitate swift and compliant monetary transfers across jurisdictions.
Why is Dakota’s platform significant for businesses? The solution allows companies to seamlessly integrate payments, treasury functions, and payouts directly into their products using stablecoins. This integration promotes a connection between digital assets and real-world compliance, particularly in the United States and Europe.
Many businesses prefer not to become financial institutions or payment networks. Instead, they seek reliable and regulated tools that enable them to manage monetary movements within their existing frameworks. Dakota’s infrastructure supports this need, allowing teams to concentrate on their products without the burdens of licensing, custody, or compliance concerns.
As a legally registered Money Services Business in the U.S., Dakota not only operates with various Money Transmitter Licenses but is also in the process of acquiring an Electronic Money Institution license in Europe. The platform embeds compliance protocols such as automated Know Your Business, Anti-Money Laundering measures, transaction monitoring, and risk management directly into its services.
For stablecoins to play a significant role in economic activities, they must blend seamlessly with existing regulatory and risk standards. Dakota aims to ensure that this integration is foundational rather than an afterthought, enhancing the usability of stablecoins in real financial contexts.
Since its inception in 2022, Dakota has offered business clients services akin to traditional banking, comprising checking accounts and yield options on deposits while facilitating the movement of funds among customers and banking partners utilizing stablecoins. Amid further growth, Dakota secured $12.5 million in a Series A funding round in July 2025, a financial boost led by a prominent venture firm focused on the crypto sector, with contributions from other notable investors.