TechFlow news — On March 19, according to CoinDesk, digital asset operations platform Utila has raised $18 million in a Series A funding round to expand its multi-party computation (MPC) wallet solution, meeting growing institutional demand for digital asset management. The round was led by Nyca Partners, with participation from Wing VC, NFX, Haymaker Ventures, Gaingels, and Cerca Partners. Since officially launching last year, the startup has now raised approximately $30 million in venture capital.
Bentzi Rabi, co-founder and CEO of Utila, said in an interview that the company's platform has seen a surge in demand for digital asset infrastructure as payment providers, fintech firms, and neobanks increasingly adopt digital assets—including stablecoins and tokenized assets—into their operations. The new funding will support Utila’s global expansion and enhance product capabilities, including advanced gas management, API integration, and smart contract support.
