Utila, a digital asset operations platform established in 2022 by Bentzi Rabi and Sam Eiderman, has successfully closed a $22 million Series A extension round. This new capital infusion, led by Red Dot Capital Partners with participation from Nyca, Wing VC, DCG, Cerca Partners, FunFair Ventures, and SilverCircle, elevates Utila’s total Series A funding to $40 million and its overall funding to more than $51 million.
The company’s all-in-one operating system is designed to provide secure tools for organizations to build, manage, and scale their digital asset operations. Utila’s platform offers comprehensive support for stablecoin operations, treasury management, institutional-grade trading, and business continuity needs.
Demonstrating significant market traction, Utila processes over $15 billion in monthly volume and has facilitated more than $90 billion in total transactions. The platform currently serves over 200 global institutions. Since its initial Series A round in March, Utila has reported a doubling of its customer base.
The newly secured funds are earmarked for accelerating global expansion and product development. Utila plans to reinforce its presence in established markets like North America and Europe, while also strategically entering emerging markets such as Latin America (LATAM), Asia-Pacific (APAC), and Africa, where stablecoins are increasingly recognized as vital financial infrastructure components.
Bentzi Rabi, co-founder and CEO of Utila, highlighted the evolving landscape: “We’re witnessing a fundamental shift in how organizations handle value transfer, with stablecoins at the center of this transformation.” He added, “Six months ago, we positioned ourselves for the next wave of digital asset adoption. Today, that wave has arrived, and Utila has become the essential infrastructure layer for any organization working with stablecoins – from global payment providers to stablecoin issuers to financial institutions building next-generation treasury and trading operations.”
Atad Peled, partner at Red Dot Capital Partners, commented on the investment: “Utila represents exactly the kind of category-defining company we look to back — one that sits at the intersection of a massive technological shift and clear enterprise demand.” Peled emphasized the market need, stating, “The stablecoin market is exploding, and organizations need enterprise-grade tools to operate safely and efficiently. Utila’s rapid growth and strong customer traction show they’ve built the platform the market truly needs.”
