Dakota Fintech Platform Aims to Transform Corporate Money Management Through Programmability
Dakota's new infrastructure allows businesses to leverage programmable stablecoins for corporate payments and financial operations without managing custody, regulatory compliance, or settlement processes internally.
Dakota, a financial technology firm, has introduced a new stablecoin infrastructure platform designed to meet growing enterprise demand for digital dollar adoption while relieving companies of the operational complexities and regulatory responsibilities associated with custody and compliance management.
The company assumes responsibility for custody, compliance and settlement services for its enterprise clients. In conversation with Cointelegraph, CEO Ryan Bozarth explained that Dakota functions as a registered Money Services Business within the United States, and collaborates with licensed banking institutions and regulated payment providers in international markets. The company is also in the process of securing Electronic Money Institution and Crypto-Asset Service Provider licenses throughout Europe.
Bozarth explained that this operational structure allows Dakota to provide international money transfer capabilities while preventing its customers from needing to become regulated financial institutions in their own right.
Teams can program when money moves, where it goes, how it's governed, and what happens after it settles — including approvals, limits, reconciliation and treasury actions.
Ryan Bozarth, CEO of Dakota
The company reports that its platform serves more than 700 businesses, with clients ranging from cryptocurrency enterprises to financial technology platforms.
Stablecoins make this possible because they're digital dollars built on programmable infrastructure. That lets money behave like modern software – composable, automatable, and consistent across borders.
Ryan Bozarth, CEO of Dakota
The rise of programmable money
Stablecoins emerged as a dominant cryptocurrency narrative throughout 2025. However, while the majority of stablecoins continue to serve primarily as digital cash equivalents, an increasing number of corporations and nations are exploring programmable money concepts by integrating rules, automation capabilities and control mechanisms directly into how capital moves within their applications.
M0 secured $40 million in Series B funding in August, with Polychain Capital and Ribbit Capital leading the round, to develop infrastructure enabling developers to create application-specific stablecoins with built-in rules governing access, liquidity and usage. The Switzerland-headquartered firm has established partnerships with projects including MetaMask to embed custom stablecoins directly within consumer-oriented applications.
That same month saw Rain complete a $58 million Series B funding round led by Sapphire Ventures to expand its toolkit that enables banks and enterprises to issue regulated stablecoins and automate compliant financial flows. Rain's focus areas include use cases such as real-time payroll systems, programmable card products and controlled expenditure programs operating across multiple blockchain networks.
Outside the realm of enterprise payment solutions, programmable money concepts are also undergoing testing in government-sponsored pilot programs where regulatory rules are enforced directly at the currency layer.
Kazakhstan conducted programmable money trials in 2024 through two distinct pilot programs utilizing its digital tenge, a central bank digital currency, one involving a rail infrastructure project where capital was disbursed exclusively upon achievement of predetermined milestones and another initiative from the National Bank that automated VAT refund processes, reducing processing times from over two months to approximately two weeks.
The Reserve Bank of India has also outlined plans to expand its digital rupee pilot programs by incorporating features such as programmability and offline payment capabilities. According to the central bank, these enhancements are designed to customize payment flows for particular use cases, encompassing government transfer programs and corporate expenditure management.