Utila

Utila is an enterprise-grade digital asset operations platform that provides institutional MPC wallet infrastructure, policy-driven governance, and a unified API layer for fintechs, payment processors, banks, and corporate treasuries managing stablecoins and crypto assets across multiple blockchains, including Solana.

What Utila Does

Utila's core premise is that enterprises operating at scale need more than a generic crypto wallet — they need a full operational stack covering key management, transaction governance, compliance screening, and reporting, all without surrendering custody of their assets. The platform packages these components into a single self-custody solution that connects through a developer-first API.

The company was founded in 2022 by Bentzi Rabi (CEO) and Sam Eiderman (CTO), with cryptographer Gilad Asharov rounding out the technical leadership team. The founding team drew on backgrounds in cybersecurity, cryptography, and blockchain infrastructure, and attracted angel investors including Surojit Chatterjee (former CTO of Coinbase who helped launch USDC) and early builders of FDIC-approved crypto businesses. The company maintains a 99.9% uptime track record across its infrastructure.

Core Mechanism: MPC Key Management

Utila's security foundation is Multi-Party Computation (MPC) key management. Rather than storing a single private key in one location — which creates a single point of failure — MPC splits key material across multiple parties. Transactions are executed through a cryptographic protocol that combines these shares at signing time without any single party ever reconstructing the full key.

The platform automatically selects the appropriate signing algorithm per blockchain: ECDSA for Bitcoin and EVM-compatible chains, EdDSA (used by Solana) for non-EVM networks like Solana and Stellar. This makes the same security model portable across fundamentally different blockchain architectures without requiring clients to re-engineer their stack per chain.

For additional operational control, Utila offers a CLI-based co-signer model, managed KMS integrations, and device key shares — providing flexibility in how institutions distribute key custody across teams, hardware, and geography.

Key Products and Features

Wallet Infrastructure: Utila enables multi-address generation, wallet archiving, and balance querying across assets. Organizations can generate wallets programmatically via API, assign them to groups, and apply policy rules at the wallet or asset level. Wallet group assignment can be automated for high-throughput environments.

Policy and Governance Engine: A granular policy engine enforces transaction rules and approval workflows before any asset movement occurs. Organizations configure role-based access controls, multi-signature approval chains, and spending limits. This is particularly relevant for institutional clients subject to internal compliance requirements or external regulatory obligations.

Stablecoin Payments and Payouts: Utila treats stablecoin operations as a first-class use case. The platform supports stablecoin payments, batch payouts, and treasury management workflows. A sponsored transfer mechanism allows moving stablecoins without the recipient needing to hold native tokens for gas — a critical feature for enterprise deployments where end-users should not be exposed to blockchain fee complexity.

Compliance and AML Integration: Embedded AML/KYT functionality connects to leading screening providers including Chainalysis, Elliptic, and Blockaid Cosigner. Hypernative provides real-time threat detection. Cryptoworth handles audit-defensible financial reporting. These integrations are offered as built-in connectors rather than requiring custom engineering from each client.

Ecosystem Connectivity: Through Utila Link, the platform connects to 100+ blockchains and 30+ partners spanning exchanges, DeFi protocols, on/off ramps, and banking rails. Notable partners include Mastercard (crypto partnership program), WalletConnect, and Meria for institutional staking.

Agentic Payments: A newer capability allows AI agents to execute transactions autonomously within defined policy guardrails, positioning Utila as infrastructure for autonomous financial agent workflows.

Solana Ecosystem Fit

Utila formally integrated Solana in January 2024, adding EdDSA-based MPC signing support and dedicated endpoints for Solana-specific features including sponsored transfers and durable nonces for transaction reliability.

A notable production use case is Agridex, which uses Utila's wallet infrastructure to power stablecoin-denominated agricultural payments on Solana — demonstrating the platform's applicability to emerging market payment corridors where traditional finance lacks reach but stablecoin settlement is viable.

Solana's throughput and low transaction costs make it a natural fit for the high-volume payment and payout workflows Utila is built to serve. The platform has documented active engagement with Solana-specific operational patterns, including durable nonces as a reliability mechanism for institutional transaction flows.

Traction and Funding

Utila has raised $51.5 million in total funding across three rounds:

• Seed (2023-2024): $11.5 million co-led by NFX and Wing VC, with Framework Ventures and angel investors including Balaji Srinivasan, Charlie Songhurst, and Surojit Chatterjee participating.
• Series A (March 2025): $18 million led by Nyca Partners, with Wing Venture Capital, NFX, Haymaker Ventures, Gaingels, and Cerca Partners.
• Series A Extension (late 2025): $22 million led by Red Dot Capital Partners, as the company nearly tripled its valuation within six months.

As of 2025, Utila serves 200+ global institutions, processes more than $15 billion in monthly transaction volume, and has secured over $200 billion in cumulative transaction volume since launch.

No Native Token

Utila operates as an infrastructure and software business with no native protocol token. The assets managed through the system are those belonging to enterprise clients themselves — stablecoins, native blockchain assets, and other digital assets held in client-controlled MPC wallets.

Market Context

Utila sits at the intersection of two converging trends: the rapid institutionalization of digital assets and the mainstreaming of stablecoin payments as a settlement layer for cross-border commerce. As aggregate stablecoin supply surpassed $250 billion in 2025 and monthly settlement volumes climbed above $1 trillion, demand for enterprise-grade custody and operational tooling has accelerated. Utila positions itself as the operational layer that allows institutions to capture this shift without building key management and compliance infrastructure from scratch.