Digital asset platform Utila completes $22 million financing, led by Red Dot Capital Partners.

On September 3, the digital asset operation platform Utila announced the completion of a $22 million financing round, stating that its valuation has nearly tripled in the past six months. This round was led by Red Dot Capital Partners, with participation from investors such as Nyca, Wing VC, DCG, and Cerca Partners, increasing the Series A financing scale from March this year to $40 million. Utila, established in New York and Tel Aviv, offers a digital asset operation platform specifically designed for enterprises 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 stablecoins pegged to the US dollar in global finance.