Crypto Banking Startup Dakota Raises $12.5M for Global Stablecoin Push
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 said on Tuesday.
The investment was led by CoinFund, with participation from 6th Man Ventures and Triton Ventures.
The announcement comes at a time when stablecoins, or cryptocurrencies tied to an external asset, predominantly to the U.S. dollar, are increasingly becoming part of traditional finance plumbing and a tool for cheaper, faster cross-border payments. Stablecoin regulation is also advancing in the U.S., with the Senate already having passed the GENIUS Act and the House aiming to vote on the proposal on Thursday.
“We believe stablecoins can revolutionize business banking,”…
