Overview

• 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.