Last updated on July 22nd, 2025 at 05:56 pm
Crypto-integrated banking startup Dakota has raised $12.5 million in a Series A round led by CoinFund, with participation from 6th Man Ventures and Triton Ventures, as it looks to reinvent global business banking using stablecoins and U.S. Treasuries.
Founded by former executives from Coinbase, Square, and Airbnb, Dakota is building what it calls the first globally accessible business bank account. The platform enables companies to move funds instantly across borders using stablecoins, while maintaining access to traditional payment rails like ACH, SWIFT, Fedwire, and SEPA. All customer deposits are held 1:1 in U.S. Treasuries, eliminating counterparty risk.
We’re excited to announce we’ve led @dakota_xyz’s $12.5M Series A!
CoinFund CIO @flexthought is proud to back the team that’s bringing stablecoins to businesses with its crypto-enabled banking platform 🧵 pic.twitter.com/FbY8eQqd1A
— CoinFund (@coinfund_io) July 15, 2025
Since its 2023 launch, Dakota has processed billions in annualized transaction volume across more than 500 business clients, including international nonprofits and tech startups. Its architecture leverages blockchain behind the scenes to power near-instant, verifiable transfers while preserving user control over funds.
“Dakota is designed for a world where companies are global from day one,”
said CEO and co-founder Ryan Bozarth.
“We’re building a banking experience for the internet age fast, secure, and borderless.”
The timing coincides with rising regulatory clarity around stablecoins. U.S. lawmakers are advancing bipartisan legislation like the GENIUS Act, while jurisdictions including the EU, Hong Kong, and Singapore are establishing stablecoin frameworks. Meanwhile, major firms like PayPal and Stripe are making moves toward stablecoin adoption.
CoinFund CIO Alex Felix praised Dakota’s approach:
“They’re upgrading traditional banking with crypto infrastructure without forcing clients to change how they operate.”
The funding will fuel product expansion and geographic growth. Dakota recently introduced corporate cards with custom spend controls and added full support for international payments via SWIFT and SEPA. The platform now serves customers across 100+ jurisdictions, including the UK, EU (under MiCA), Singapore, and Latin America. By keeping blockchain operations behind the scenes, Dakota delivers a seamless fintech experience, positioning itself as a leading player in stablecoin-powered finance.
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