Utila Raises $18 Million to Expand Secure Stablecoin Infrastructure

The funding will bolster Utila's MPC wallet technology as institutional demand for digital asset management grows.

Utila secured $18 million in a Series A funding round led by Nyca Partners, with participation from Wing VC, NFX, Haymaker Ventures, Gaingels, and Cerca Partners.
The company plans to use the funds to scale operations, enhance research and development, and expand its global presence.
Utila's multi-party computation (MPC) wallet technology decentralizes private keys for enhanced security and scalability, addressing critical institutional needs.
The platform has processed $8 billion in monthly transactions and $35 billion in total digital asset transactions over its first 18 months of operation.
The U.S. government is advancing stablecoin regulation through initiatives like the GENIUS Act, reflecting growing institutional adoption of blockchain-based financial systems.