Stablecoin infrastructure company Utila completes $22 million financing round, led by Red Dot Capital Partners
ChainCatcher news, according to CoinDesk, stablecoin infrastructure company Utila has completed a $22 million financing round, led by Red Dot Capital Partners, with participation from Nyca, Wing VC, DCG, and Cerca Partners.
Utila provides a digital asset operations platform for enterprises, with clients including payment service providers and neobanks. The company processes over $15 billion in transactions monthly, and its client base has doubled since March. Utila plans to accelerate its expansion into emerging markets in Latin America, Africa, and the Asia-Pacific region.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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