Cryptocurrency wallet provider Utila has completed a $18 million Series A funding round, led by Nyca Partners

2025-03-19 20:03:56

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ChainCatcher news, according to CoinDesk, digital asset operating platform Utila has completed a $18 million Series A funding round to expand its multi-party computation (MPC) wallet solution to meet the growing institutional demand for digital asset management. This round of financing was led by Nyca Partners, with participation from Wing VC, NFX, Haymaker Ventures, Gaingels, and Cerca Partners. Since its official launch last year, the startup's total venture capital has reached approximately $30 million.

Utila co-founder and CEO Bentzi Rabi stated in an interview that as payment providers, fintech companies, and emerging banks increasingly use digital assets (including stablecoins and tokenized assets) in their operations, the company's platform has experienced a new wave of demand for digital asset infrastructure. This funding will help Utila expand globally and enhance product features, including advanced gas management, API integration, and smart contract support.

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