Crypto Startup Utila Raises $22M as Stablecoin Infrastructure Demand Surges

Crypto Startup Utila Raises $22M as Stablecoin Infrastructure Demand Surges

Crypto infrastructure provider Utila raised $22 million in its latest fundraising round nearly tripling its valuation in the last six six months, the firm told CoinDesk.The round was led by Red Dot Capital Partners with Nyca, Wing VC, DCG and Cerca Partners among investors also participating, extending the March Series A funding round to $40 million.Founded in New York and Tel Aviv, Utila provides a digital asset operations platform tailored for…

Utila Triples Valuation in Six Months as Stablecoin Infrastructure Demand Triggers $22M Extension Round - IT News Direct

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Utila Triples Valuation to $40M in Stablecoin Boom

Utila, a digital assets operations platform, has just closed a $22 million Series A extension round, tripling its valuation in a mere six months. This impressive feat underscores the burgeoning stablecoin boom and Utila’s pivotal role in facilitating seamless value transfers for organizations. The extension round, spearheaded by Red Dot Capital Partners, saw participation from a slew of notable… Source

Utila Triples Valuation in Six Months as Stablecoin Infrastructure Demand Triggers $22M Extension Round

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Crypto startup Utila raises $22M to build institutional stablecoin infrastructure - SiliconANGLE

Digital asset management startup Utila Inc. today announced that it raised $22 million in a Series A extension round as the institutional demand for cryptocurrency known as stablecoins continues to rise. In the past year, stablecoins have caught the attention of the financial industry, including banks and payment processors. A stablecoin is a type of […] The post Crypto startup Utila raises $22M to build institutional stablecoin infrastructure a…

Stablecoin Infrastructure Startup Utila Raises $22M in Extended Series A Round

Quick take: The latest fundraising brings the total raised for the Series A round to $40 million. The Tel Aviv and New York-based crypto startup plans to use the capital to expand into emerging markets in Latin America, Africa, and the Asia-Pacific region. The company said it has nearly tripled its valuation over the last six months. Utila, the stablecoin infrastructure startup founded in Tel Aviv and New York, has raised $22 million in an exte…