Utila raised $22 million in a funding extension that nearly tripled its valuation over six months. The round was led by Red Dot Capital Partners and included Nyca, Wing VC, DCG and Cerca Partners, taking Utila’s Series A total to $40 million.
Founded in New York and Tel Aviv, Utila builds a digital-asset operations platform for enterprises focused on stablecoins. The platform supports payments, treasury and trading workflows while adding compliance and business-continuity controls tailored for businesses. Customers include payment processors, neobanks and asset managers. Since March, the company says it has doubled its customer base and now processes more than $15 billion in transactions each month.
Stablecoins have stepped into mainstream finance as a faster, lower-cost option for cross-border transfers. The sector is roughly a $270 billion market and has drawn interest from major banks and global retailers. Utila’s CEO Bentzi Rabi described Stripe’s acquisition of Bridge and Circle’s IPO as “the bitcoin ETF moments” for stablecoin adoption, moments he says helped accelerate inbound interest in the company.
Utila did not actively solicit new capital; inbound offers arrived as demand spiked. With much of its original Series A still available, the company opted to extend the round to accelerate expansion across Latin America, Africa and the Asia-Pacific region.
Risks to watch: rapid stablecoin adoption still carries operational and regulatory uncertainty. Changes to rules, issuer solvency, or compliance gaps can disrupt services — firms should prioritise regulatory readiness and resilient operations when evaluating stablecoin infrastructure providers.
Source: CoinDesk. Read the original coverage for full details.
