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Stablecoin-driven financial institution Dakota completes $12.5 million Series A financing, led by CoinFund

2025-07-15 12:01

Odaily News Dakota, a stablecoin-driven financial institution co-founded by former Coinbase executives, announced the completion of a $12.5 million Series A financing round, led by CoinFund, with participation from 6th Man Ventures, Digital Currency Group and Triton Ventures. Dakota uses stablecoins to transfer funds between itself and its customers. This investment is also the latest bet by venture capital firms on companies involved in one of the hottest areas of cryptocurrency. (Fortune)

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