Dakota has repositioned itself as a stablecoin infrastructure provider, aiming to help FinTech and enterprises embed regulated digital dollar payments, treasury management, and payouts directly into their products.
The company said it is shifting its focus toward offering APIs that connect blockchain-based stablecoins with traditional compliance, custody, and regulatory frameworks in the United States and Europe.
The move comes as businesses continue to face high costs and delays in cross-border payments through traditional correspondent banking networks.
“Most companies don’t want to become banks or payments networks. They want reliable, regulated primitives that let them move money inside their own products. Dakota is building that infrastructure so teams can stay focused on product and growth, not licensing, custody, or compliance,” Dakota CEO, Ryan Bozarth, said in a statement shared with AlexaBlockchain.
In its last funding, Dakota raised $12.5 million Series A led by CoinFund with participation from 6th Man Ventures (6MV) and Triton Ventures.
The article “Dakota Pivots to Stablecoin Infrastructure Platform for Fintechs and Enterprises” was first published on AlexaBlockchain. Read the complete article here: https://alexablockchain.com/Dakota-Pivots-to-Stablecoin-Infrastructure-Platform/
Read Also: Tether Launches US-Regulated Stablecoin as New Federal Rules Take Effect
Disclaimer: The information provided on AlexaBlockchain is for informational purposes only and does not constitute financial advice. Read complete disclaimer here.
Image Credits: Dakota, Shutterstock, Canva, Wiki Commons