Utexo Secures $7.5 Million in Funding, Led by Tether
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Utexo Secures $7.5 Million in Funding, Led by Tether
Utexo, a blockchain payment infrastructure company, announced the completion of a $7.5 million seed funding round, co-led by Tether, Big Brain Holdings, and Portal Ventures, with participation from over ten institutions including Franklin Templeton, Maven11 Capital, and FlowTraders. By integrating Bitcoin, the Lightning Network, and the RGB protocol, Utexo provides payment operators with a single API interface to enable instant USDT settlement on Bitcoin’s native network—featuring fixed and predictable transaction fees, sub-one-second settlement times, and fully encrypted, private execution. This marks USDT’s formal “return” to the Bitcoin network after more than a decade, potentially positioning Bitcoin as the core settlement rail for global dollar payments.
Navigating Web3 tides with focused insightsTechFlow reports that on March 6, Utexo, a blockchain payment infrastructure company, announced the completion of a $7.5 million seed funding round. The round was co-led by Tether, Big Brain Holdings, and Portal Ventures, with over ten other institutions participating, including Franklin Templeton, Maven11 Capital, and FlowTraders.
Utexo integrates Bitcoin, the Lightning Network, and the RGB protocol to provide payment operators with a single API interface, enabling instant settlement of USDT on Bitcoin’s native network. Transaction fees are fixed and predictable, settlement time is under one second, and all operations are executed end-to-end in encrypted privacy. This marks USDT’s formal “return” to the Bitcoin network after more than a decade, potentially positioning Bitcoin as the core settlement rail for global dollar payments.
