SOC 2
Type I report available under NDA, with the Type II audit underway.
Regulated, audited and independent.
Dakota holds the licenses, bank relationships and compliance program behind every product, and gives your risk team one company to diligence.
Regulatory profileCurrent
Dakota
Money services businessRegistered with FinCENRegistered
Money transmitter licensesAcross U.S. statesLicensed
National trust bank charterApplication with the OCCFiled
SOC 2Type II audit underwayType I
RD reservesThird-party attestationMonthly
Trusted with real volume.
Businesses already run payments, accounts and stablecoin balances through Dakota every day.
- Annualized volume
- $4B+
- Availability
- 99.99%
- Countries supported
- 140+
Licensed and examined.
Your flows run under Dakota’s licenses, and regulators examine Dakota directly. One company answers for every product you launch.
See every license- Money services businessRegistered with FinCEN.Registered
- State money transmitter licensesHeld across U.S. states, each with its own examinations.Licensed
- National trust bank charterApplication filed with the OCC in July 2026. Read the announcement.Filed
- BSA/AML programOne program across every product, run by Dakota’s own compliance team. How it works.In place
Where the money sits.
Customer funds are held at U.S. partner banks, and RD is backed one to one by reserves that are attested every month.
- Segregated accounts at U.S. partner banks, including Lead Bank and BMO
- RD reserves in government money market funds
- Third-party reserve attestation every month
- Stablecoin keys secured with institutional-grade key management
Customer balancesSegregated accounts at U.S. partner banksPartner banks
RD reservesGovernment money market funds, backed one to one1 to 1
Reserve attestationAn independent firm, every monthMonthly
Stablecoin keysDistributed key management in secure enclavesSecured
Audited security.
Independent firms audit Dakota’s controls, and every action on the platform leaves a record your auditors can review.
Key management
Stablecoin keys are sharded and held in secure enclaves, with policies and signers on every transfer.
A record of every action
Every payment, approval and compliance decision is logged, so you can answer auditors with evidence.
Your infrastructure partner shouldn’t answer to someone else.
No card network or payments company owns Dakota, so we have no reason to steer your flows or compete for your customers.
Go deeper.
See how the compliance program runs day to day, how RD is backed, and every license Dakota holds.