Stablecoin platform Utila bags $22m in Series A extension round

September 3, 2025

Utila, a digital asset operations platform founded in 2022 by Bentzi Rabi and Sam Eiderman, has closed a Series A extension on $22m.

The company offers a secure, all-in-one operating system designed to help organisations build, manage and scale their digital asset operations.

The firm has closed a $22m Series A extension round led by Red Dot Capital Partners with participation from Nyca, Wing VC, DCG, Cerca Partners, FunFair Ventures and SilverCircle. This extension brings Utila’s total Series A funding to $40m and the company’s total funding to over $51m.

Utila’s platform supports stablecoin operations, treasury management, institutional-grade trading and business continuity needs. It processes more than $15bn in monthly volume and has already secured over $90bn in total transactions, serving over 200 global institutions.

The new capital will be used to accelerate global expansion and product development. Utila plans to strengthen its presence in North America and Europe while aggressively entering emerging markets such as LATAM, APAC and Africa, where stablecoins are becoming critical financial infrastructure components.

Since its initial Series A in March, Utila has more than doubled its customer base.

Bentzi Rabi, co-founder and CEO of Utila said, “We’re witnessing a fundamental shift in how organizations handle value transfer, with stablecoins at the center of this transformation.

“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 said, “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.

“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.”