Stablecoin infrastructure company Utila completes $22 million financing, led by Red Dot Capital Partners

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 operating 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 Asia-Pacific.