Ex-Coinbase, Airbnb execs launch programmable stablecoin platform for fintechs, enterprises

Dakota, a stablecoin-focused neobank founded by veterans from Coinbase, Square, and Airbnb, has launched a platform enabling fintechs and enterprises to embed regulated, programmable global money movement via APIs. The platform addresses the slow and expensive nature of cross-border transactions, which stablecoins could solve but are currently hindered by regulatory hurdles. Dakota provides infrastructure that works across jurisdictions and rails, allowing companies to offer payments, treasury, and payouts using stablecoins directly within their products, bridging digital assets with compliance across the US and Europe. CEO Ryan Bozarth stated that Dakota builds the necessary regulated infrastructure so clients can focus on product development rather than licensing, custody, or compliance. Dakota operates as a registered Money Services Business in the US and is securing necessary licenses in Europe, embedding compliance features like automated KYB, AML, and risk controls natively into the platform. The company, founded in 2022, previously raised $12.5 million in a Series A round led by CoinFund.

(Source：Crypto Briefing)