Dakota

What is it ?

Dakota is a crypto-powered neobank designed for global businesses. Get all the perks of a traditional business bank account—at the speed of crypto. Send and receive USD from anywhere, with no transaction fees, and deposits are fully backed by U.S. Treasuries.

With integrated treasury management, businesses can earn rewards for holding assets, decentralized lending, and staking.

What problem does it solve?

Starting and operating a business is hard. Obstacles separate us from our goals. Some of them can’t be helped. Others exist because a select few rig the rules in their favor.

Dakota was created because traditional banking has been one of those obstacles. It takes days to move your money. It pays tenths of a penny on the dollar. It will refuse your business on a whim. When it crashes, it gets the bailout and you are caught holding the bag. It’s the ultimate insider’s club that’s been fraught with fraud and you end up paying the price.

Dakota is a new type of account, one without the banks.

Feature Highlights

Send and receive USD globally: Transfer USD payments in minutes — not days. Get every dollar where it needs to go via ACH, Fedwire & SWIFT. (SEPA for EUR)

Backed by U.S. Treasuries: Your assets get the added protection of U.S. Treasuries. No compromises, no surprises.

Generate yield automatically: Get the standard treasury yield of more than 5% or earn up to 9% via built-in crypto lending.

Reporting and automation: Stay compliant, eliminate errors, and reconcile your accounts faster with clear reporting and forthcoming integrations to accounting software.

Bank-grade security: Your assets are always covered by our comprehensive insurance policies, with security authentication built by seasoned experts.

Manage your crypto: Stake, swap, and lend out your assets, all from a single platform.

How it works

Getting started with an account with Dakota is simple:

1. Sign-Up: Create an account and submit KYC information for your business: https://dakota.xyz/signup. Request a demo by emailing sales@dakota.xyz
2. Account Set-Up: Once approved, receive a link to access your account and set it up according to your desired preferences. A dedicated relationship manager is available to provide an overview of the platform.
3. Get started: Fund your account via ACH, Fedwire, SWIFT, SEPA or crypto and start managing your finances with ease.