Meet Dakota: The Crypto Banker with a Global Ambition and a $12.5M War Chest 🏦💰

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What to know:

  • Dakota, a crypto-integrated banking platform, has raised a rather impressive $12.5 million in a Series A round, led by the illustrious CoinFund, with a nod from 6th Man Ventures and Triton Ventures. 🎉
  • Stablecoins, those charming digital tokens pegged to the U.S. dollar, are now the darlings of cross-border payments, thanks to their speed and cost-effectiveness, and the U.S. is finally getting its regulatory act together. 🏃‍♂️💨
  • Dakota, with its blend of traditional banking and crypto wizardry, allows global businesses to hold and move funds in U.S. dollars or stablecoins, all while using the magic of blockchain for near-instant transfers. ✨

Dakota, a crypto-integrated banking platform for businesses, has raised $12.5 million in a Series A round to expand its borderless banking services, the firm announced with a flourish on Tuesday. 🎉

The investment, led by CoinFund, with participation from 6th Man Ventures and Triton Ventures, is a testament to the platform’s potential to disrupt the traditional banking landscape. 🌍💰

The announcement comes at a time when stablecoins, those digital tokens tethered to the U.S. dollar, are increasingly becoming the backbone of traditional finance and a tool for cheaper, faster cross-border payments. The U.S. Senate has even passed the GENIUS Act, with the House set to vote on the proposal on Thursday, marking a significant step towards stablecoin regulation. 📜✨

“We believe stablecoins can revolutionize business banking,” Alex Felix, CIO of CoinFund, declared with a flourish. “Dakota is unlocking that potential by combining the familiarity of a bank account with the power of crypto rails. It’s like giving a Ferrari to a snail.” 🐌🏎️

1 by short-term U.S. Treasuries, aiming to eliminate liquidity and counterparty risks. It’s like keeping your eggs in a golden basket. 🥚✨

With the new funding, Dakota is now expanding its services to over 100 countries, including the UK, European Union, Singapore, and parts of Latin America. It’s a bold move, but then, who ever said banking had to be boring? 🌍🔥

“Business today is borderless, and dollars are a universal language,” Dakota CEO Ryan Bozarth mused. “We want to give entrepreneurs from Bogotá to Bangalore the same access to U.S. dollar banking that a startup in San Francisco would have. It’s the great equalizer, and we’re just the facilitators.” 🌍🤝

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2025-07-15 16:14