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

Dakota, a stablecoin-based neobank founded by veterans of Coinbase, Square and Airbnb, has launched a platform that enables fintechs and enterprises to integrate controlled, programmable global financial flows through APIs.

Cross-border money movement remains slow and expensive, and while they offer stable coin speeds, adoption has been limited by regulatory and operational challenges. Dakota seeks to address this by opening up scalable international payments, providing infrastructure that works across states and railroads.

The platform enables companies to offer payments, vaults and payments using stablecoins in their products, connecting digital assets with the real world across the US and Europe, the company said.

“Most companies don't want to be banks or payment networks,” said Ryan Bozart, Dakota's founder and CEO. “They want secure, controlled conditions that allow them to move money into their own products. Dakota is building that infrastructure so teams can focus on product and development, not licensing, protection or compliance.”

Dakota operates as a registered money services business in the US with active government money transmitter licenses and is acquiring EMI and CASP in Europe. Compliance features are integrated directly into the platform through automated KYB, AML, transaction monitoring and risk controls.

“If stablecoins are to drive real economic activity, they must be integrated with the current standards of compliance and risk,” Bozart added. “Our role is to make that integration native, not an afterthought.”

In the year Founded in 2022, Dakota offers business customers banking-like services, such as checking accounts and earning profits on deposits, while using stablecoins to move money between customers and its banking partners.

In the year In July 2025, the company received $12.5 million in Series A funding led by crypto venture firm CoinFund with participation from 6th Person Ventures, Digital Currency Group and Triton Ventures.