Digital asset wallet provider Utila completes $18 million financing, led by Nyca Partners

Odaily News Digital asset wallet provider Utila has completed $18 million in financing, led by Nyca Partners, with participation from Wing VC, NFX, Haymaker Ventures, Gaingels and Cerca Partners. The new funds will be used to expand its multi-party computing (MPC) wallet service to meet the growing demand for institutional digital asset management.
Payment providers, fintechs and new banks are increasingly using digital assets, including stablecoins and tokenized assets, said Utila CEO Bentzi Rabi. (CoinDesk)