TL;DR
- Utila raised $18 million in its Series A funding round, led by Nyca Partners, to expand its institutional crypto wallet platform.
- The platform, which stands out for its MPC wallets, addresses the growing demand for stablecoins and the shift from speculation to the operational use of digital assets.
- Utila already processes over $8 billion monthly in transactions and expects to reach $1 billion daily, with over 100 institutional clients globally.
Utila, a crypto wallet platform designed for institutions, has raised $18 million in its Series A funding round.
The round was led by Nyca Partners, with participation from various venture capital funds such as Wing VC, NFX, Haymaker Ventures, Gaingels, and Cerca Partners. This funding will allow the company to expand its reach and accelerate the development of new solutions to meet the growing demand in the crypto market.
🚀 Exciting News! Utila Secures $18M in Series A Funding! 🚀
We’re thrilled to announce that Utila has raised $18 million in Series A funding, led by Nyca Partners, with participation from Wing Venture Capital, NFX, Haymaker Ventures, Gaingels, and Cerca Partners.
This brings… pic.twitter.com/VRyhEW9ojg
— Utila (@utila_io) March 19, 2025
The reason behind the interest in Utila lies in the change occurring in the crypto industry, especially regarding the use of stablecoins. In 2024, the volume of stablecoin transfers reached impressive figures, even surpassing the combined transactions of Visa and Mastercard.
This demonstrates the evolving process within the industry, shifting from speculation centered around trading to the practical and operational use of digital assets. Utila has focused on addressing this demand with a secure and flexible infrastructure that allows institutions to manage payments, tokenize assets, and perform complex treasury operations.
Utila: A Platform Tailored for Institutions
The platform stands out by offering multiparty computation (MPC) wallets, a solution that provides advanced security in key management. Additionally, the platform enables organizations to carry out operations seamlessly across multiple blockchains, making it an essential tool for businesses looking to adopt this technology without compromising security or efficiency. Through this technology, Utila has processed over $8 billion monthly in transactions and expects to reach $1 billion in daily volume by the end of the year.
The platform has positioned itself as an alternative for organizations needing more sophisticated solutions than traditional wallets. While other platforms have primarily focused on access to centralized exchanges, Utila has opted to integrate features that facilitate on-chain interactions, providing greater flexibility to users. The company already has over 100 institutional clients worldwide and continues to expand its global presence with offices in key cities like New York, Tel Aviv, London, Berlin, and Singapore
