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US digital asset firm Utila raises $18m series A
Utila, a digital asset operations platform, has raised US$18 million in a Series A funding round led by Nyca Partners. This funding increases the company’s total to US$30 million since it launched in March 2024.
The investment coincides with the growing adoption of digital assets and blockchain technology in mainstream finance.
Utila offers infrastructure for payment providers, financial institutions, and digital asset firms. This includes multi-party computation (MPC) wallets designed for institutional use.
Over the past 18 months, the platform has processed US$35 billion in transactions and established a diverse client base.
Utila plans to use the Series A funding to expand its global presence and enhance research and development.
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