Utexo Completes $7.5 Million Funding Round Led by Tether and Others

Odaily News: Blockchain payment infrastructure company Utexo announced the completion of a $7.5 million seed funding round. The round was co-led by Tether, Big Brain Holdings, and Portal Ventures, with participation from over ten other institutions including Franklin Templeton, Maven11 Capital, and FlowTraders. Utexo provides payment operators with a single API access point by integrating Bitcoin, the Lightning Network, and the RGB protocol. This enables instant settlement of USDT on Bitcoin's native network, with fixed and predictable transaction fees, settlement times under one second, and fully encrypted, private execution throughout the process.