Out of Pilot

Out Now: Read the story of Co-Founder and CEO Ryan Bozarth (@ryanbozarth) building @dakota_xyz

Ryan ran Coinbase Custody and watched businesses knock on the front door of a prime broker looking for an account the product was never built for. In 2022 he founded Dakota with Gabe G'Sell to build what was missing.

Dakota raised $12.5M in July 2025 and can onboard customers in 140 countries. Payouts land within minutes across traditional and crypto rails, and business KYC has a 24 hour SLA that is often met in a couple of hours.

Customers range from YC-backed startups to companies of $1 billion in size, plus traditional institutions, and they increasingly ask Dakota to co-build with them.

More than half of the visitors to Dakota's documentation and websites are now agents, so Dakota is building APIs agents can use, starting with an AP agent that pays all of its own bills.

Ryan shares what was easy, what was brutal, and how he plans to build the independent trust bank for people building with stablecoins.

Now on Out of Pilot.
Read at newsletter.outofpilot.com/dakota

Tomorrow, Record #15.

More than half of the visitors to one stablecoin platform’s documentation and websites are agents..

Its payouts land within minutes across traditional and crypto rails, and its business KYC has a 24 hour SLA that is often met in a couple of hours.

Tomorrow, the story of the company who settles payouts in minutes across crypto and traditional rails and lets a neobank build its whole product on one stack.

Tomorrow, on Out of Pilot.
newsletter.outofpilot.com

@CodexFX with 55% Growth MoM: Building the Most Liquid Stablecoin FX Venue globally

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