We're excited to announce we’ve led @dakota_xyz’s $12.5M Series A! CoinFund CIO @flexthought is proud to back the team that’s bringing stablecoins to businesses with its crypto-enabled banking platform 🧵

2/ Between the GENIUS Act and Circle’s IPO, stablecoins are dominating headlines in crypto. But for business owners, it can be challenging to implement web3 banking with security and compliance in mind. Many existing platforms were not built for today’s global economy.

3/ Dakota helps businesses operate fluidly between fiat and crypto while providing access to both traditional and web3 rails to... - Send and receive payments globally - Manage fiat, stablecoin and crypto tokens in their treasury - Easily access yield from US treasuries and DeFi

4/ Dakota was co-founded by @ryanbozarth_ and @GabeGSell who bring a wealth of experience from previous roles at Coinbase, Anchorage, Square, and Airbnb. With Fintech and web3 backgrounds, they’re well-equipped to address the needs of business owners using both fiat and crypto.

5/ A key component of our investment thesis is that whoever controls the money, controls the world. We’re honored to back the team that’s bringing borderless finance to business owners through onchain infrastructure.