Stablecoin infrastructure firm Utila closes $22 million funding round led by Red Dot Capital Partners
TechFlame
2025-09-03 12:03
TechFlame2025-09-03 12:03
English
According to TechFlame, according to CoinDesk, stablecoin infrastructure company Utila has raised $22 million, led by Red Dot Capital Partners, with participation from Nyca, Wing VC, DCG, and Cerca Partners.
Utila provides a digital asset operation platform for enterprises. Customers include payment service providers and new banks. The company processes more than $15 billion in monthly transactions, and the number of customers has doubled since March. Utila plans to accelerate expansion into emerging markets in Latin America, Africa, and Asia Pacific.