In a world where business is increasingly global, Dakota a crypto-integrated business banking platform is rethinking how money moves. , the startup announced it has raised $12.5 million in Series A funding, led by CoinFund, with backing from 6th Man Ventures and Triton Ventures. The funding will help fuel Dakota’s ambitious mission: to create the first globally accessible business bank account that blends stablecoin speed with the security of U.S. Treasuries.
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The concept is simple, but powerful—give businesses, no matter where they’re based, access to fast, transparent, and secure banking that works 24/7. Dakota’s founders, veterans from Coinbase, Square, and Airbnb, are building a system where companies can hold and transfer funds in both USD and stablecoins while still tapping into familiar rails like ACH, SWIFT, Fedwire, and SEPA. All of it powered by blockchain, but without businesses needing to touch crypto directly. Since its 2023 launch, Dakota has quietly been gaining serious traction already processing billions in annualized transaction volume for more than 500 customers, ranging from tech startups to international nonprofits. By using stablecoins for settlement and backing deposits 1:1 with U.S. Treasuries, Dakota is sidestepping the counterparty risk that brought traditional banks like Silicon Valley Bank to their knees.
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“Today’s companies operate globally by default—but banking hasn’t caught up,” said Ryan Bozarth, CEO and co-founder of Dakota. “Wires are slow, banking access is limited, and once your money’s in, it’s out of your control. We’re changing that. Dakota is about giving businesses the freedom to move money like they send messages—instantly and securely.” This shift comes at a pivotal time. In the U.S., Congress is making real progress on stablecoin legislation, and other regions—from the EU to Hong Kong—are racing to define clear rules for crypto-backed payments. Meanwhile, major players like PayPal and Stripe are entering the stablecoin space, underscoring the momentum.
“Stablecoins aren’t a fringe idea anymore—they’re the future of finance,” said Alex Felix, CIO at CoinFund. “What makes Dakota stand out is how it blends crypto infrastructure with traditional finance, without forcing businesses to change how they operate.” With fresh capital, Dakota is pushing ahead fast. It recently launched corporate cards that allow businesses to spend directly from their Dakota balances with customizable controls, and added international payment rails like SWIFT and SEPA. The goal? Make cross-border payments as seamless as local ones. Importantly, Dakota keeps the blockchain complexity behind the scenes. Users experience a clean fintech interface, sending and receiving payments like they would from any modern app.
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The magic happens under the hood—fast, verifiable stablecoin settlements that give users the speed of crypto without needing to hold it. Bozarth believes that whether you’re running a startup in San Francisco or a nonprofit in Nairobi, you should have equal access to world-class banking tools. And Dakota is building the infrastructure to make that possible. “We’re building for a future where dollars live on-chain, payments are real-time and global, and businesses never have to choose between speed, security, or access,” he said. Thanks to its new Series A round, Dakota isn’t just imagining that future—it’s actively building it.
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