Utila, a fintech company, has raised an additional $22 million in its Series A expansion—just six months after securing $18 million. This brings the total Series A funding to $40 million and has almost tripled the company’s valuation in a short time.
The latest round was led by Red Dot Capital Partners, with participation from DCG, Nyca, Wing VC, Cerca Partners, SilverCircle, and FunFair. With this, Utila’s total funding has now crossed $50 million.
Utila has built a digital asset platform that helps financial and business institutions manage cryptocurrencies and stablecoins. The platform supports things like creating tokens, storing assets safely, tracking transactions, and meeting regulatory rules.
More than 200 institutions worldwide already use Utila’s system, which lets them securely and transparently add digital assets to their existing financial processes.
Utila, which has a team of 40 people, says the total secured transactions on its platform have crossed $60 billion, with more than $12 billion processed every month.
This growth matches the wider stablecoin market trend. In the first half of 2025, the global supply of stablecoins was about $252 billion, and monthly settlement volumes were around $1.39 trillion.
“This issue is emerging across every company and organization,” CEO Bentzi Rabi told the media. “Stripe is putting significant focus on stablecoins, calling them the future, and if you look at all major payment companies, each has only recently outlined its approach to stablecoins. Banks are also recognizing the need to participate and are stepping into the market.”
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