Stablecoin infrastructure company Utila completes $22 million financing, led by Red Dot Capital Partners

ChainCatcher news, according to CoinDesk, stablecoin infrastructure company Utila has completed a $22 million funding round, led by Red Dot Capital Partners, with participation from Nyca, Wing VC, DCG, and Cerca Partners, expanding the Series A funding total to $40 million since March of this year.

Utila, founded in New York and Tel Aviv, offers a digital asset operating platform designed specifically for businesses using stablecoins. The system can handle functions such as payments, fund management, and trading, while providing compliance and business continuity support for enterprises. Its clients include payment service providers, neobanks, and asset management companies, reflecting the growing use of dollar-pegged stablecoins in global finance.