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https://github.com/amr080/xft-dakota

XFT's tokenized bank account platform. Bank with confidence, without the bank.
https://github.com/amr080/xft-dakota

account api bank banking blockchain crypto dakota fintech stablecoins tokenized us-treasuries xft yield

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XFT's tokenized bank account platform. Bank with confidence, without the bank.

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README 

        
## X Financial Technologies



USDX is the first SEC-regulated yield-bearing stablecoin for the United States.



Pricing

About

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Open account

Business banking for the digital age

A modern banking platform, powered by stablecoins and backed by U.S. Treasuries, to make global finance faster, seamless, and secure.

Contact sales

Open account

Dakota is a financial technology company, not a bank. Banking services are provided through global bank partners. U.S. partners are FDIC members.

Secure banking dashboard

Trusted by

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Get global access to U.S. dollars

Dakota makes it easy for you to access banking services anywhere in the world.

Accept and send USD globally

Transfer USD quickly with ACH, Fedwire, SWIFT, and SEPA so your business can operate globally with ease.

Deposits held as U.S. Treasuries

Earn up to 4% rewards

Corporate cards with controls

Use stablecoins for 24/7 transfers

Reporting and automation

Payments screen in appPayments screen in appDeposits held as U.S. TreasuriesExample of yield growth over timeReports screen in appPermissions screen in appAccounting demonstration

Every dollar backed by U.S. Treasuries

Optimized Operations

Streamline your workflows and operate globally.

Operations account screen in app

Faster Global Payments

Move money faster with a smart transaction router that selects the best banking partner for each transfer.

Simplified Multi-Currency Accounts

Accept and send USD, EUR, and more (local currencies coming soon) with seamless account management.

Automated Accounting Made Easy

Save time with automated accounting tools and advanced reporting to keep your finances in sync.

Maximize Returns, Minimize Risk

Earn up to 4% rewards on your entire balance.

Tailored Yield Options

Earn yield aligned to your risk tolerance, from conservative to growth-focused.

Secure Asset Control

Retain full control of your U.S. Treasury-backed assets, safeguarded from bank failures and institutional risks.

Comprehensive Treasury Tools

Manage crypto, tokenized real-world assets, treasuries, and bonds in one seamless platform.

Treasury account screen in app

Business Leaders

Secure, manage, and grow your business, all in one place.

Dashboard screen in app

360-view of your treasury

See your entire financial picture in one place by connecting your bank accounts and wallets.

Maintain ownership

Keep control of your assets. They’re never at risk of default on a bank’s balance sheet.

Enterprise security and controls

Set detailed user controls for all levels of account holders with a customizable policy engine.

Bank with confidence, without the bank.

Industry-leading security

Industry-leading security

Protect your account with hardware-backed authentication, custom security policies, and 3rd-party security audits.

Built-in compliance

Built-in compliance

Integrated transaction monitoring tools score transactions and automate compliance checks.

Insurance

Insurance

Deposits and balances are protected by top insurance plans. Hold broad coverage to ensure your assets are safe.

24-7 support

24-7 support

Whenever, wherever you need help, our support channels are standing by. Find us on Slack and know we’ll be there to take care of you.

Frequently asked questions

Can I replace my traditional bank with Dakota?

Yes. With Dakota, you can seamlessly send and receive US dollars just like a traditional bank account. However, behind the scenes, your transactions are smarter and safer. Every dollar you deposit is automatically converted into stablecoins, which are then backed by US treasuries in our secure digital environment.

Can I use Dakota along with my existing bank?

Is Dakota a bank?

How is my money protected with Dakota?

What exactly are stablecoins?

What does "non-custodial" mean at Dakota?

Experience

Our team has built products that custody $100B in crypto and worked at the leading fintech and security companies.

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A new type of account, one without the banks.

Starting and operating a business is hard. Obstacles separate us from our goals. Some of them can’t be helped. Others exist because a select few rig the rules in their favor. 

We created Dakota because traditional banking has been one of those obstacles. It takes days to move your money. It pays tenths of a penny on the dollar. It will refuse your business on a whim. When it crashes, it gets the bailout and you are caught holding the bag. It’s the ultimate insider’s club that’s been fraught with fraud and you end up paying the price.

Dakota is a new type of account, one without the banks.

We leverage stablecoins, backed by US treasuries, to offer a global business account — available immediately to countless countries, and endless business partners, enabling seamless cross-border transactions, and access to an unmatched yield that puts you firmly in control of your finances.

How it works

Make USD transactions by ACH or wire transfer, without a traditional bank account. Deposits are converted to stablecoins and backed by U.S. Treasuries for added security and flexibility.



https://github.com/dakota-xyz/recovery



Recovery tool

This recovery tool can be used by Dakota customers to recover their keys. It requires a decrypted backup shard, the client shard, and a JSON file with the key mappings.



The format of the key mappings JSON file should be similar to



{

  "organization_id": "e65ccfaa-01b7-4a00-aec5-0fcc25d7eba7",

  "keys": [

    {

      "address_sub_id": "21d3969c-8a56-46d9-be38-b53c21294e54",

      "network_id": "solana-mainnet",

      "curve": "ELLIPTIC_CURVE_ED25519"

    },

    {

      "address_sub_id": "a09d020a-1bc8-47b6-a208-0fd47cd05e66",

      "network_id": "ethereum-mainnet",

      "curve": "ELLIPTIC_CURVE_SECP256K1"

    }

  ]

}

Build

Install Go 1.21 or higher:

Currently, recovery uses Go 1.21 to compile the code.



Install Go 1.21 by following instructions there, e.g.:



wget https://go.dev/dl/go1.21.3.linux-amd64.tar.gz

sudo tar xzvf go1.21.3.linux-amd64.tar.gz -C /usr/local/

export PATH=$PATH:/usr/local/go/bin

Verify the installation by typing go version in your terminal.



$ go version

go version go1.21.3 darwin/amd64

Build Recovery

In order to build recovery you need the source code. Either download the source of a release or clone the git repository.



Build recovery from the source code:



cd recovery

make build

After building, you should see a new executable file recovery/build/recovery.



Example usage

$ ./recovery -h

Usage of ./recovery:

  -keymap string

        Location of the JSON file containing the key map

  -shard1 string

        Location of the file containing the first shard

  -shard2 string

        Location of the file containing the second shard

  -target string

        Target CSV file (default "keys.csv")

$ ./recovery -shard1 shard1.bin -shard2 shard2.bin -keymap backup.json

2023/11/09 03:20:10 INFO Initiating recovery

2023/11/09 03:20:10 INFO Recovery complete. Results saved to keys.csv

$ cat keys.csv

Network,Address,PrivateKey

solana-mainnet,4tZpnxbJbkCDFFCpbmb4y7wsH366kxeb57R8owi67qi8,2tFuN9PCkTYsDV6rq8RauJZEmyBs7x8rLoSAFYD5JcQMCzVzStq45VeUVDDghGqXaYm8muC8YECzgoqTkyPph8gp

ethereum-mainnet,0x0D7ad5799E3DB77c8258b9700E4f94Fcb092C64B,0x222d55b028c7896058d28af1d44c55d45264c470f2a93e7b013076e68b7bfa25