The digital asset landscape is evolving rapidly, and with it, the demand for secure, scalable, and enterprise-grade infrastructure. At the forefront of this transformation is Utila, a crypto infrastructure provider that has recently secured $18 million in Series A funding to expand its multi-party computation (MPC) wallet solutions. This influx of capital highlights growing institutional confidence in blockchain technology and underscores the urgent need for advanced custody and transaction management systems.
According to Bentzi Rabi, co-founder and CEO of Utila, the company has processed a staggering **$8 billion in monthly transactions**—a significant leap from $3 billion over three months in early 2024. This surge reflects broader market trends: payment providers, fintech platforms, and neobanks are increasingly integrating stablecoins and tokenized real-world assets into their core operations.
Driving Institutional Adoption with MPC Technology
One of the biggest barriers to mainstream crypto adoption has been security. High-profile hacks—like the recent $1.5 billion exploit at Bybit—have reinforced concerns about centralized custody models. As Rabi pointed out, most organizations face a difficult choice: rely on outdated institutional wallets lacking modern features or use consumer-grade tools that aren’t built for enterprise-scale operations.
👉 Discover how next-gen wallet security is reshaping institutional crypto adoption.
Utila addresses this gap with a robust MPC-based digital asset operations platform. Unlike traditional wallets that store private keys in a single location, MPC technology splits cryptographic key shares across multiple parties. This decentralized approach eliminates single points of failure and significantly reduces the risk of theft or internal fraud.
Beyond security, Utila’s platform offers several enterprise-critical features:
- Insurance coverage against cyber threats and asset loss
- Business continuity protocols to ensure uptime during disruptions
- Advanced gas optimization to reduce transaction costs
- Seamless API integrations and smart contract support
These capabilities make it easier for financial institutions to manage digital assets efficiently, audit transactions, and maintain compliance—all without compromising on performance or safety.
Surge in Demand from Fintech and Payment Providers
The rise of stablecoins and asset tokenization is transforming how money moves globally. Fintech firms and neobanks are leveraging blockchain to enable faster cross-border payments, programmable finance, and automated settlement systems. However, managing these new asset classes requires infrastructure that’s both technically sound and operationally resilient.
Rabi noted that many companies are now seeking solutions that go beyond basic custody—they want full-stack platforms capable of handling complex workflows, regulatory reporting, and multi-chain operations.
This shift is not just theoretical. Real-world data supports the trend: Utila’s transaction volume has grown exponentially in just months, signaling strong product-market fit. The $18 million funding round, led by Nyca Partners and supported by Wing VC, NFX, Haymaker Ventures, Gaingels, and Cerca Partners, will fuel global expansion and accelerate product development.
With total venture funding now reaching approximately $30 million, Utila is well-positioned to scale its infrastructure across regions where digital asset adoption is accelerating—particularly in North America, Europe, and parts of Southeast Asia.
Why Enterprise-Grade Wallets Matter Now More Than Ever
As more institutions explore blockchain-based finance, the limitations of legacy systems become increasingly apparent. Simple hot or cold wallets may suffice for individual investors, but enterprises need:
- Role-based access controls
- Multi-layered approval workflows
- Real-time monitoring and alerting
- Integration with existing treasury management systems
Utila’s platform meets these needs by combining cutting-edge cryptography with operational pragmatism. Its focus on gas efficiency, API-first design, and cross-chain interoperability makes it an ideal partner for companies building the future of finance.
Moreover, the inclusion of insurance and business continuity planning mirrors traditional financial safeguards—helping institutions meet compliance requirements and reassure stakeholders.
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Core Keywords Driving Market Growth
To align with search intent and enhance SEO visibility, here are the core keywords naturally embedded throughout this discussion:
- Crypto wallet provider
- Digital asset operations
- Institutional demand for crypto
- MPC wallet solutions
- Enterprise-grade crypto security
- Tokenized assets
- Stablecoin integration
- Blockchain infrastructure
These terms reflect what decision-makers are actively searching for: reliable, secure, and scalable ways to manage digital assets within regulated environments.
Frequently Asked Questions (FAQ)
What is an MPC wallet?
An MPC (multi-party computation) wallet uses advanced cryptography to split a private key across multiple devices or parties. No single entity ever holds the complete key, which enhances security by eliminating single points of failure.
Why are institutions adopting crypto wallets now?
Institutions are increasingly using digital assets for cross-border payments, treasury management, and tokenized securities. With improved infrastructure like Utila’s platform, they can now manage these assets securely and efficiently.
How does Utila ensure the safety of digital assets?
Utila combines MPC technology with insurance coverage, business continuity planning, and enterprise-grade access controls. This multi-layered approach protects against both external threats and internal risks.
What types of companies use Utila’s platform?
The platform serves payment providers, fintechs, neobanks, hedge funds, and other financial institutions looking to integrate stablecoins, tokenized assets, or native cryptocurrencies into their services.
Can Utila handle transactions across multiple blockchains?
Yes. Utila supports multi-chain operations with API integrations and smart contract functionality, allowing businesses to manage assets across various networks seamlessly.
How will the new funding be used?
The $18 million will be used to expand globally, enhance product features—including gas management and API tools—and strengthen partnerships with financial institutions.
The Road Ahead for Digital Asset Infrastructure
As blockchain technology matures, so too must the tools that support it. Utila’s growth—from stealth mode to processing $8 billion monthly in under a year—is a testament to the rising demand for professional-grade crypto infrastructure.
For enterprises navigating this space, choosing the right partner isn’t just about security; it’s about scalability, compliance, and long-term viability. With strong backing from top-tier investors and a clear focus on solving real-world challenges, Utila is emerging as a key player in the next generation of digital finance.
👉 Explore enterprise-ready crypto solutions designed for the future of finance.