Utila raises $18 million Series A as institutional demand for secure digital asset operations grows
With stablecoins driving blockchain adoption, financial institutions face growing integration challenges.
The financial sector is undergoing a structural shift as digital assets move beyond speculative trading into mainstream operational use. The rise of stablecoins and blockchain-based payments is forcing financial institutions to rethink their infrastructure, fueling demand for secure, scalable platforms. Against this backdrop, digital asset operations platform Utila has raised $18 million in a Series A round led by Nyca Partners, bringing its total funding to $30 million since emerging from stealth in March 2024.
The rapid adoption of stablecoins underscores the scale of the transformation. According to a report by CEX.IO, stablecoin transfers reached $27.6 trillion in 2024, exceeding the combined transaction volume of Visa and Mastercard. Major financial players are responding, as seen in Stripe’s recent $1.1 billion acquisition of stablecoin platform Bridge. Yet, institutions seeking to integrate blockchain-based transactions face technological hurdles, with existing solutions often falling short in security, efficiency, and regulatory compliance.
Utila has positioned itself at the center of this transition, providing infrastructure for payment providers, financial institutions, and digital asset firms. In 18 months, it has processed $35 billion in transactions and built a client base spanning multiple sectors. The company offers multi-party computation (MPC) wallets designed for institutional use, emphasizing security, transaction management, and integration with banking systems.
The Series A funding will support Utila’s global expansion and research and development efforts as demand for blockchain-based financial infrastructure grows. The company aims to bridge the gap between traditional finance and digital assets by offering tools that enable large institutions to conduct on-chain operations securely and efficiently.
