Dakota

Dakota is a B2B payment and conversion infrastructure that connects bank rails with stablecoins through an API. According to the company, its platform combines accounts, wallets, payouts and compliance in one integration, and the exact currencies and routes depend on the product and jurisdiction.

Services and markets The service is aimed at fintechs, businesses and payroll platforms. The listed conversion directions are USD to RD, RD to USD, and USD to USDC and back where RD is unavailable. The supported crypto assets are RD (Reserve Dollar) and USDC; the only fiat currency named is USD. Documentation and SDKs are published at the company's docs site.

Fees and settlement Dakota states a pay-as-you-go plan with a flat 25 bps fee, although the exact transaction and product scope depends on the pricing terms. An enterprise option is offered under a custom annual contract. Redemption of RD to a linked USD bank account is generally completed within one business day after validation and a compliance review.

Compliance and legal entities The company describes KYB and CIP checks, beneficial owner verification, AML and sanctions screening and transaction monitoring. Legal entities named are Dakota Ridge, Inc. and Dakota Platform, Inc., the latter described as the RD issuer affiliate and holding NMLS number 2727274, as self-disclosed.