Digital assets operations platform Utila has secured a $22 million Series A extension round, significantly increasing its valuation in just six months amid the ongoing stablecoin boom.
The extension was led by Red Dot Capital Partners, with contributions from Nyca, Wing VC, DCG, Cerca Partners, FunFair Ventures, and SilverCircle. This funding follows a previous $18 million Series A round in March, bringing the total to $40 million.
As stablecoin transfers outpace traditional payment networks, organizations are increasingly relying on Utila’s enterprise-grade platform for seamless value transfer.
Since the March announcement, Utila has experienced substantial growth, fueled by the mainstream adoption of stablecoins in financial services. The company has more than doubled its customer base and now processes over $15 billion in monthly transactions, with a total exceeding $90 billion.
Bentzi Rabi, CEO of Utila, stated, “We’re witnessing a fundamental shift in how organizations handle value transfer, with stablecoins at the center of this transformation. Six months ago, we positioned ourselves for the next wave of digital asset adoption, and that wave has now arrived. Utila has become the essential infrastructure layer for organizations working with stablecoins, from global payment providers to financial institutions developing next-generation treasury and trading operations.”