Today, we’re thrilled to introduce Dakota, a modern, crypto-native banking platform for businesses. We’ve reimagined business banking — allowing companies to easily accept and make payments in USD or crypto, operate globally, and generate yield automatically.
Banking has failed to keep up with the speed of the internet
We all know traditional banking systems are outdated. Transactions take days, they offer little to no yield, and banks can deny service without notice. Even worse, you no longer control your assets once deposited — they become liabilities on the bank’s balance sheet. That means if things go wrong, your best hope is a bailout. Businesses deserve better.
Dakota: a modern, crypto-native banking platform for businesses
We built Dakota to usher in a new era of banking — one that is fast, accessible, global, and keeps you in control of your assets. Here’s how we’re different:
- Send and receive USD globally and seamlessly: Transfer funds via ACH, wires, or crypto with no transaction fees. Deposits are fully backed by U.S. Treasuries.
- High yield treasury management: Dakota simplifies treasury management and provides access to earn up to 9% yield through DeFi lending, protocol staking rewards, and U.S. Treasuries. Customize your asset allocation, liquidity needs, and risk tolerance.
- Collaborate effortlessly. Invite team members, assign roles and permissions, set spending limits, and grant exceptions for large purchases to keep your funds secure and your team efficient.
- Bank with confidence: Comprehensive protection with insurance and advanced security measures. We offer stablecoin-depegging insurance similar to FDIC for deposits, with withdrawal limits, consensus-based approvals, and hardware verification.
- Manage your crypto: Do what you want with your crypto or stablecoins — if you want. With Dakota, you can stake, swap, or lend out your assets all from a single platform.
Our Founders and Team
Our founders met while working at Airbnb and Anchorage and bring together the best of fintech, traditional finance, and crypto security expertise. Our team has built products that custody $100B in crypto and user experiences among the best in the world.
Before founding Dakota, Ryan was the CEO of Coinbase Custody, JP was an early engineer at Anchorage and co-authored their custodial patent, and Gabe spent a decade developing user experiences at places like Airbnb. Our combined expertise and shared experiences led us to unite and revolutionize business banking with Dakota.
Get Started with Dakota
Our platform is now live serving the needs of dozens of early customers, including fintechs, crypto startups, and foundations.
We’d love to show you a demo and discuss how Dakota can meet your banking needs. Request access on our homepage: https://dakota.xyz
Welcome to the future of business banking.
