Dakota
Business banking where deposits sit in tokenized T-bills onchain — a bank without a bank.
Business banking on stablecoin rails.
- Who holds it
- You do. Funds sit on-chain in a wallet the company cannot freeze.
- The ledger
- The blockchain — no company keeps the authoritative record.
- If it fails
- Nothing on the company side to fail; but lose your keys and the money is gone for good.
Derived from Dakota’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | web3-native · SMB & startups |
| HQ | New York, US |
| Founded | 2023 |
| Custody | Self-custodial |
| Regulation type | Self-custodial software |
| Card | Visa · Business |
| Yield | T-bill-backed balances |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | North America |
Verified links: official site ↗
Common questions about Dakota
What is Dakota?
Dakota is a self-custodial, on-chain-first neobank built for SMB & startups, headquartered in New York, US and founded in 2023. You hold the keys: Dakota never takes custody of your funds. It is software rather than a licensed institution.
Does Dakota have a card, and where can you use it?
It issues a Visa business card. It is available in North America.
Does Dakota require KYC?
Yes. Dakota requires identity verification (KYC) to open an account, as a self-custodial software.
What does Dakota cost?
From the verified fields: yield T-bill-backed balances. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Dakota before relying on them.
Head-to-head
Peers
Phantom · Zengo · Eco (Beam) · MetaMask · Solflare · Rainbow
Dakota appears in
Neobanks that never hold your money (53) · Neobanks available in North America (126) · Neobanks for small businesses and startups (33) · Neobanks that issue a Visa card (182) · Neobanks in United States (66)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.