Utila, a digital assets operations platform, has secured $18 million in Series A funding to capitalize on the growing adoption of stablecoins. The round was led by Nyca Partners, with participation from Wing VC, NFX, Haymaker Ventures, Gaingels, and Cerca Partners.
As stablecoin transfers outpace traditional payment networks, institutions are increasingly relying on Utila’s enterprise-grade platform to manage digital asset transactions. Over the past 18 months, the company has processed $35 billion in transactions while onboarding hundreds of global clients.
The fresh funding will fuel global expansion, scale institutional multi-party computation (MPC) wallets, and support R&D efforts to enhance security and operational efficiency.
Utila CEO Bentzi Rabi outlined the company’s vision: “Utila’s mission is to be the leading institutional-grade wallet for this new era, which requires an entirely new set of product capabilities such as efficient gas management, scalable APIs, deep support for smart contract interactions, and connectivity to banking rails.”
With digital assets becoming an essential financial infrastructure, Utila aims to provide secure, scalable, and efficient solutions for institutional clients navigating the evolving crypto and stablecoin ecosystem.