Dakota.xyz – Squarespace customer – (United States)
Businesses and entrepreneurs use .xyz domains to build modern platforms across industries. Loyalty platform TYB.xyz helps brands like Urban Outfitters and Rare Beauty connect with over two million users. Onchain trading firm Warlock.xyz develops systems for responsible order flow management in decentralized markets. Creative studio HelloDiane.xyz delivers bold brand work for organizations like Nike and the World Health Organization. In this week’s #WebsiteWednesday, we’ll introduce you to a global business banking platform that uses stablecoin infrastructure to power cross-border payments: Dakota.xyz.
Dakota.xyz is the online home of Dakota, a crypto-integrated banking platform that helps businesses send and receive U.S. dollar payments through stablecoin infrastructure. The platform is designed to make global payments faster by combining traditional networks such as ACH, SWIFT, and SEPA with blockchain technology. Customers can send and receive payments in U.S. dollars through familiar banking methods, while behind-the-scenes transactions are settled with stablecoins backed by U.S. Treasuries. In July 2025, Dakota raised $12.5M in a Series A funding round led by CoinFund with participation from 6th Man Ventures and Triton Ventures.1
According to Dakota.xyz, deposits are automatically converted into stablecoins like USDC, which are issued by regulated entities and backed 1:1 by short-term U.S. Treasuries. This approach is designed to increase transparency and reduce institutional risk. Dakota is not a bank and does not offer FDIC insurance, but its operations are intended to be protected through cyber, crime, and errors-and-omissions insurance. The platform emphasizes a non-custodial model, which is designed to give customers control of their assets at all times and to prevent rehypothecation (the reuse of customer funds by financial institutions) without consent. Businesses can choose to use Dakota as their primary account or in conjunction with traditional banks. Available payment options include ACH and wire transfers, which are intended to support both U.S. and non-U.S. account holders.
The platform is co-founded by CEO Ryan Bozarth and Gabe Grazier G’Sell. According to his LinkedIn profile, Ryan previously served as CEO of Coinbase Custody, where he oversaw growth to more than $100M in annual recurring revenue. He also held roles as Group Product Manager at Coinbase, Head of Product at Anchorage Digital, Product Manager at Airbnb, and General Manager at Square. Gabe brings a background in software and product development. He is also the founder and CEO of Songcraft, a collaborative songwriting platform, and has worked as a web software consultant advising early-stage startups. Earlier in his career, he was a software engineer at Airbnb following Deco’s acquisition.
Dakota uses the domain Dakota.xyz as its online home. Using .xyz made it possible for the team to secure an exact match for the project’s name. The short and memorable domain makes the company easy to find and reflects its focus on building a modern, global-facing platform. The .xyz extension supports Dakota’s identity as a forward-thinking brand, giving it a flexible and recognizable digital presence. You can learn more by following the platform on LinkedIn and X/Twitter @dakota_xyz, and by visiting Dakota.xyz.
1.https://www.coindesk.com/business/2025/07/15/crypto-banking-startup-dakota-raises-125m-for-global-stablecoin-pushXYZ is proud to share about the many incredible members that make up the XYZ community! We encourage you to do your own research before using the products and services of the websites we feature. The information about products and services contained in this blog post does not constitute endorsement or recommendation by XYZ.
