At Epicenter of Tectonic Payments Shift to Stablecoins, Utila Secures $18M Series A Round to Meet Massive Demand for Institutional MPC Wallets

At Epicenter of Tectonic Payments Shift to Stablecoins, Utila Secures $18M Series A Round to Meet Massive Demand for Institutional MPC Wallets

Benzinga
March 19, 2025

NEW YORK and TEL AVIV, March 19, 2025 (GLOBE NEWSWIRE) -- The rise of digital assets is causing a tectonic shift in traditional financial infrastructure as organizations scramble to meet skyrocketing demand for operational use cases like payments, tokenization and treasury management.

At the epicenter of this change, Utila is enabling organizations to address the fast-growing market with a secure, seamless, institutional-grade platform for digital asset operations. In just 18 months, the company has secured $35 billion in digital asset transactions, engaged hundreds of global clients and leaped forward to become a leading institutional-grade digital asset operations platform.

To accelerate its growth, Utila has secured an $18 million Series A round, led by Nyca Partners with participation from seed investors Wing VC and NFX, as well as funds such as Haymaker Ventures, Gaingels and Cerca Partners. Utila will use the financing to scale global operations to meet the massive demand for its institutional MPC wallets and expand its R&D efforts. Utila has raised $30 million since exiting stealth in March 2024.

"Stablecoins have had a dramatic and global impact on the financial landscape, particularly in payments. We are impressed with the early insight Utila's founders had into these market developments and the new institutional-grade tools that would be required as digital assets become mainstream. They also have the expertise to execute on this vision and have quickly gained significant market traction. All these factors ...

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