Utila, a rapidly growing digital asset operations platform, has announced the close of a $22 million Series A extension, bringing its total Series A funding to $40 million and pushing its overall capital raised to more than $51 million. The extension round, which nearly tripled the company’s valuation, was led by Red Dot Capital Partners and included participation from Nyca, Wing VC, DCG, Cerca Partners, FunFair Ventures, and SilverCircle.
Utila’s decision to extend its Series A was not born out of necessity. In fact, most of the original funding from the first close remains untouched. Instead, the company saw an opportunity to accelerate its market capture in a sector that is expanding faster than anyone anticipated. Since announcing its Series A just six months ago, Utila has more than doubled its customer base and now processes over $15 billion in monthly volume, with total transactions exceeding $90 billion. These numbers reflect a broader shift in how institutions are approaching digital assets, particularly stablecoins, which are increasingly being used for payments, treasury management, and operational workflows.
The first half of 2025 has been a watershed moment for stablecoins. Their aggregate supply has climbed to $252 billion, and monthly settlement volumes have surged by 43% to reach over $1.3 trillion. This growth is a signal that stablecoins are moving from the margins of finance into its core. Payment providers, neobanks, and traditional financial institutions are integrating stablecoins into their systems, creating a surge in demand for infrastructure that supports secure, compliant, and scalable operations. Utila is meeting that demand head-on.
At the heart of Utila’s offering is a comprehensive platform that supports the full spectrum of digital asset operations. It provides infrastructure for stablecoin issuers and enterprises integrating stablecoin workflows, secure treasury management with granular policy controls, institutional-grade trading capabilities across centralized and decentralized exchanges, and business continuity features that ensure mission-critical operations remain uninterrupted. Experts in cryptography and cybersecurity develop the platform, incorporating enterprise-grade MPC wallets, developer APIs, multi-chain support, and integrations with AML providers, banking rails, and insurance coverage for enhanced protection.
This functionality is what sets Utila apart. While many companies in the space offer point solutions that address one aspect of digital asset management, Utila delivers a unified operating system that can support institutions end-to-end. Its client base reflects this versatility, ranging from payment service providers using USDC rails to neobanks launching stablecoin products, trading firms accessing DeFi liquidity, and stablecoin issuers managing minting and redemption processes.
How the funding will be used: With the new financing, Utila plans to expand its presence in North America and Europe while aggressively entering emerging markets where stablecoins are becoming essential components of financial infrastructure. Regions such as Latin America, the Asia-Pacific, and Africa are witnessing rapid adoption, and as regulatory frameworks mature, Utila is positioning itself as the infrastructure provider of choice. The company’s global strategy is rooted in the belief that stablecoins are not just a trend—they are the foundation of a new financial paradigm.
KEY QUOTES:
“We’re witnessing a fundamental shift in how organizations handle value transfer, with stablecoins at the center of this transformation. Six months ago, we positioned ourselves for the next wave of digital asset adoption. Today, that wave has arrived, and Utila has become the essential infrastructure layer for any organization working with stablecoins – from global payment providers to stablecoin issuers to financial institutions building next-generation treasury and trading operations.”
“Most institutional wallet providers are still solving yesterday’s problems: trading connectivity and exchange integrations. The infrastructure requirements for operational use cases are fundamentally different from traditional crypto trading. Organizations need platforms that can handle high-volume transactions, complex compliance workflows and enterprise-grade security – all while maintaining the speed and flexibility that digital assets enable. We provide that complete solution, which is why we are the fastest growing, all-in-one wallet platform in the market today.”
Bentzi Rabi, co-founder and CEO of Utila
“Utila represents exactly the kind of category-defining company we look to back — one that sits at the intersection of a massive technological shift and clear enterprise demand. The stablecoin market is exploding, and organizations need enterprise-grade tools to operate safely and efficiently. Utila’s rapid growth and strong customer traction show they’ve built the platform the market truly needs.”
Atad Peled, Partner at Red Dot Capital Partners
