Dakota launched a stablecoin platform for corporate payments and treasury
Financial technology company Dakota has launched a stablecoin infrastructure platform, as more enterprises seek to accept digital dollars without taking on the operational and regulatory burden of regulation and compliance.
Dakota handles custody, compliance and settlement on behalf of its clients. CEO Ryan Bozart told Cointelegraph that the company, as a registered financial services business in the US, works with licensed banking and regulated payment partners in other jurisdictions. It is also pursuing the licensing of electronic money institutions and crypto-asset service providers in Europe.
This arrangement, according to Bozart, allows Dakota to offer cross-border financial transactions without the clients themselves being regulated financial institutions.
“Teams can program when money moves, where it goes, how it's managed and what happens after it settles — including approvals, restrictions, reconciliations and treasury actions,” Bozart said.
According to the company, its platform is used by more than 700 businesses, including crypto companies and fintech platforms.
“Stablecoins make this possible because they are digital dollars built on a programmable infrastructure,” he said. “This allows money to function like modern software – scalable, automated and consistent across borders.”
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Program money increase
In the year 2025 marked the development of stablecoins as a major crypto narrative. But while most stablecoins still function as digital cash, more and more companies and countries are experimenting with programmable money, including direct rules, automation and controls on how funds flow into apps.
In August, M0 raised $40 million to build infrastructure led by Polychain Capital and Ribbit Capital. The Switzerland-based company has partnered with projects like MetaMask to integrate custom stablecoins directly into consumer-facing apps.
That same month, it raised $58 million in a Series B led by Sapphire Ventures to expand tools that allow banks and enterprises to issue regulated stablecoins and automate compliant cash flows. The company is focused on use cases such as real-time payroll, programmable cards and controlled spending programs for blockchains.
In addition to enterprise payments, rules apply to direct funding in government-led pilots of programmable cash.
In the year In 2024, Kazakhstan tested a programmable currency through two pilots using the digital tenge, the central bank's digital currency, upon the completion of pre-defined milestones, including rail infrastructure projects, and a separate program from the National Bank using VAT refunds, cutting the processing time from over two months to two weeks.
The Reserve Bank of India plans to expand the digital rupee pilot by adding features such as programmability and offline payments. The central bank said the reforms are intended to tailor payment flows to specific use cases, including government transfers and corporate spending.
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