Utila Raises $22M as Stablecoin Infrastructure Demand Soars

Cryptocurrency infrastructure provider Utila has secured $22 million in its latest funding round, nearly tripling its valuation within six months. The Series A extension, led by Red DOT Capital Partners with participation from Nyca, Wing VC, DCG, and Cerca Partners, brings total funding to $40 million.

The New York and Tel Aviv-based company specializes in enterprise-grade stablecoin operations, offering payment, treasury, and trading solutions with built-in compliance features. Its client base—spanning payment providers, neobanks, and asset managers—reflects growing institutional adoption of dollar-pegged tokens.

Stablecoins are emerging as blockchain's killer app beyond crypto native circles, with the $270 billion market poised to disrupt cross-border payments. Major corporations including Walmart and Amazon are reportedly exploring implementations, while recent milestones like Circle's IPO and Stripe's acquisition of Bridge signal accelerating mainstream acceptance.