# Dakota

> Dakota is a business banking platform that quietly swaps the plumbing of a bank account for stablecoins. Companies hold and move USD across ACH, Fedwire, SWIFT and SEPA, but under the hood deposits convert to stablecoins backed 1:1 by short-term U.S. Treasuries and held in the customer's control rather than on a bank's balance sheet. Founded by veterans of Coinbase, Square and Airbnb, it raised a $12.5M Series A led by CoinFund in July 2025 and serves 500+ businesses across 100+ countries.

- **Founded:** 2022
- **Headquarters:** New York, United States
- **Founders:** Ryan Bozarth (CEO, Co-Founder), Gabe Grazier G'Sell (Co-Founder), João Peixoto (Co-Founder (former))
- **Team size:** ~26 employees
- **Products:** Business Bank Account, Move Money, Store Money, Corporate Cards, Multi-Currency Treasury
- **Notable:** Raised $12.5M Series A led by CoinFund in July 2025, Signed 500+ business customers since launching in 2023, Processing billions of dollars in annualized transaction volume

## Products & services

- **Business Bank Account** — A USD and stablecoin business account supporting ACH, Fedwire, SWIFT and SEPA, with deposits converted to stablecoins backed 1:1 by short-term U.S. Treasuries and held in the customer's control.
- **Move Money** — Cross-rail transfers that route funds over traditional banking networks or blockchain, settling global payments in minutes rather than days.
- **Store Money** — Bank-grade custody for USD and stablecoins, fully reserved and free from rehypothecation.
- **Corporate Cards** — Business cards with custom spend controls tied to the Dakota account.
- **Multi-Currency Treasury** — Hold and manage balances in multiple currencies with automated accounting and multi-entity support.
- **Agentic Payments** — APIs that let AI agents move funds under human-signed mandates with built-in policy enforcement.
- **Developer APIs / Self-Serve** — Enterprise-grade APIs to issue, transfer and scale stablecoins, plus a self-serve tier with pay-as-you-go pricing and direct signup.

## Achievements

- Raised $12.5M Series A led by CoinFund in July 2025
- Signed 500+ business customers since launching in 2023
- Processing billions of dollars in annualized transaction volume
- Operating across 100+ countries and jurisdictions
- Founding team's prior roles safeguarded over $100B in digital assets

## Latest updates

- **2025-07** — Closed a $12.5M Series A led by CoinFund to expand stablecoin-powered banking to 100+ countries.
- **2025-07** — Fortune, CoinDesk and American Banker covered Dakota's launch of a stablecoin platform for businesses.
- **2025** — Introduced agentic payments - APIs letting AI agents move money under human-signed, policy-enforced mandates.

## Links

- Website: https://dakota.xyz
- LinkedIn: https://www.linkedin.com/company/dakotahq/
- Twitter/X: https://x.com/dakota_xyz

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Profile page: https://yespress.io/dakota
Published by YesPress — https://yespress.io
Last updated: 2026-08-21