Crypto platform Utila nets $22m series A extension

Utila has raised a US$22 million series A extension, bringing its total series A funding to US$40 million, the company announced on September 4.

The round was led by Red Dot Capital Partners, with participation from Nyca, Wing VC, DCG, Cerca Partners, Funfair Ventures, and SilverCircle.

The company said the new funding will support product development amid rising demand for stablecoin infrastructure.

Utila, based in New York and Tel Aviv, provides a digital asset operations platform for institutions using stablecoins and other digital assets.

The company said its platform now processes more than US$15 billion in monthly volume and has handled over US$90 billion in transactions.

Utila said most of its original series A funds remain unspent and that the extension will help accelerate global expansion, especially in North America, Europe, and emerging markets.

Founded in 2022, Utila serves over 200 institutional clients, including payment providers, neobanks, and trading firms.

🔗 Source: Utila

🧠 Food for thought

1️⃣ Stablecoin infrastructure demand is outpacing supply as transaction volumes explode

Utila’s rapid fundraising, tripling its valuation in just six months without actively seeking capital, signals that infrastructure providers are struggling to keep pace with explosive market demand1.

The numbers reveal why investors are backing these platforms: stablecoins transferred $27.6 trillion globally in 2024, surpassing the combined transaction volumes of Visa and Mastercard2.

This infrastructure shortage becomes even more apparent when considering that monthly stablecoin settlement volumes jumped 43% to $1.39 trillion in the first half of 2025 alone1.

Utila’s growth trajectory, processing over $15 billion monthly and securing $90 billion in total transactions, demonstrates how quickly successful infrastructure players can capture market share in this underserved space1.

This reflects classic infrastructure expansion phases where demand creates funding opportunities for companies that can scale operations to meet enterprise-grade security and compliance requirements.