Dakota Neobank Revolutionizes Global Money Movement with Stablecoin Platform

Dakota, a groundbreaking neobank focused on stablecoins and founded by industry veterans from Coinbase, Square, and Airbnb, has recently unveiled a cutting-edge platform that enables fintechs and businesses to seamlessly integrate regulated and programmable global money transfers through APIs.

The traditional process of cross-border money movement has long been plagued by sluggishness and high costs. While stablecoins offer a solution for faster transactions, their adoption has been hindered by regulatory and operational obstacles. Dakota seeks to tackle these challenges by providing a versatile infrastructure that operates across different jurisdictions and payment systems, facilitating efficient global payments at scale.

Through this platform, companies can incorporate payment, treasury, and payout services utilizing stablecoins directly into their offerings, effectively bridging the gap between digital assets and real-world compliance requirements in the US and Europe.

“Rather than navigating the complexities of becoming a full-fledged bank or payment network, most companies prefer having access to reliable and regulated financial primitives that facilitate seamless money transfers within their own products,” explained Ryan Bozarth, Dakota’s co-founder and CEO. “Dakota is committed to building the necessary infrastructure so that teams can concentrate on enhancing their products and expanding their businesses, without being burdened by licensing, custody, or compliance issues.”

Dakota operates as a registered Money Services Business in the US, holding active state Money Transmitter Licenses, and is in the process of acquiring an Electronic Money Institution (EMI) and Centralized Automated Systems Provider (CASP) licenses in Europe. The platform incorporates compliance features such as automated Know Your Business (KYB), Anti-Money Laundering (AML) checks, transaction monitoring, and risk controls directly into its framework.

“For stablecoins to truly drive substantial economic activity, they must seamlessly integrate with existing compliance and risk management standards,” emphasized Bozarth. “Our primary objective is to make this integration a natural part of the process, rather than an afterthought.”

Established in 2022, Dakota offers businesses a range of banking-like services including checking accounts and interest on deposits, while leveraging stablecoins for efficient money transfers between customers and its banking partners.

In a significant development in July 2025, Dakota successfully secured $12.5 million in a Series A funding round led by prominent crypto venture firm CoinFund, with additional investments from 6th Man Ventures, Digital Currency Group, and Triton Ventures.