Dakota, a stablecoin-focused neobank founded by Coinbase, Square, and Airbnb veterans, has launched a platform that enables fintechs and enterprises to incorporate regulated, programmable global fund transfers via APIs.
Cross-border funds movement remains slow and expensive, and while stablecoins offer speed, regulatory and operational challenges have limited adoption. Dakota hopes to address this issue by providing an infrastructure that works across jurisdictions and railroads, enabling scalable global payments.
The platform allows companies to use stablecoins directly within their products to provide payment, finance, and payments, bridging digital assets with real-world compliance across the U.S. and Europe, the company said.
“Most companies don’t want to be a bank or a payment network,” said Ryan Bozarth, co-founder and CEO of Dakota. “They want reliable, regulated building blocks to move money within their products. Dakota is building that infrastructure so teams can focus on product and growth, not licensing, management, and compliance.”
Dakota operates as a registered money services business with a valid state money transfer license in the United States and has EMI and CASP in Europe. Compliance functionality is built directly into the platform through automated KYB, AML, transaction monitoring, and risk management.
“If stablecoins are to drive real economic activity, they need to be integrated with existing compliance and risk standards,” Bozarth added. “Our role is to make that integration native, rather than an afterthought.”
Founded in 2022, Dakota offers bank-like services such as checking accounts and deposit yields to business customers, and uses stablecoins to transfer funds between customers and banking partners.
In July 2025, the company secured $12.5 million in a Series A funding round led by cryptocurrency venture CoinFund with participation from 6th Man Ventures, Digital Currency Group, and Triton Ventures.