The company told Coindesk that the UTILA encryption provider raised $ 22 million in almost the latest donation round to evaluate it in the past six months.
The tour led Red Dot Capital partners with NYCA, Wing VC, DCG and Cerca Partners among investors, which extends March A. The financing round to 40 million dollars.
Utila was founded in New York and Tel Aviv, providing a platform for digital assets specially designed for institutions that work with Stablecoins. The system undertakes payments, treasury and trading jobs, while providing compliance and continuity features to companies. The company’s customers include payment service providers, new managers and asset managers, which reflects the increasing use of the distinctive symbols of the dollar in global financing.
Stablecoins acquired this year from outside the encryption circuits as the killer application of Blockchain technology. Supporters say that this sector, which was currently 270 billion dollars, has the ability to disrupt the cross -border payments as a faster alternative and cheaper for traditional financial bars. Main banks and International retail dealers Like walmart, Amazon is said to be explored using Stablecoins.
Payments tape acquisition Stablecoin Startup and USDC Stablecoin The general subscription of the department Pintzi Rabi, co -founder and CEO of Outla, said in an interview with Coindesk.
Rabby said that Outila did not actively seek new financing, but he received incoming offers with the high demand for stablecoin. Since March, the company has doubled its customer base, and is now dealing with more than $ 15 billion in monthly transactions.
With not using most of the original capital from the AS, UTILA chose to extend the tour to accelerate its expansion to fast -growing markets such as Latin America, Africa, Asia and the Pacific, as Stablecoins is increasingly central to financial infrastructure.
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