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Digital Asset Platform Utila Completes $22 Million Financing Round, Led by Red Dot Capital Partners
BlockBeats News, September 3rd, Digital asset operating platform Utila announced the completion of a $22 million financing round, with the company stating that its valuation has nearly tripled in the past six months. The funding round was led by Red Dot Capital Partners, with participation from investors such as Nyca, Wing VC, DCG, and Cerca Partners, expanding the Series A funding from March this year to $40 million.
Utila, based in New York and Tel Aviv, provides a digital asset operating platform designed for enterprises using stablecoins. The system can handle functions such as payments, fund management, and transactions, while providing compliance and business continuity support to enterprises. Its clients include payment service providers, neobanks, and asset management companies, reflecting the increasingly prominent role of USD-backed stablecoins in the global financial system.
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