Utorg

Utorg is a regulated crypto infrastructure company that provides fiat-to-crypto on/off-ramps, a non-custodial multi-chain wallet, stablecoin settlement rails, and white-label Visa cards to consumers and businesses across more than 130 countries. Founded in 2019 by co-founder Eugene Petrakov, the company originally launched as a simple credit-card Bitcoin purchase widget and steadily expanded into a full-stack B2B infrastructure provider powering more than 2,100 platform integrations as of mid-2026. Its services now support over 170 cryptocurrencies across 14 blockchains, with Solana among the supported chains.

Utorg is non-custodial by design. Users buy, sell, send, receive, and swap crypto through the wallet without Utorg holding their funds at any point. New users complete a one-time AI-assisted KYC check that takes under five minutes; subsequent purchases require no re-verification. Accepted payment methods include Visa, Mastercard including credit, debit, prepaid, and virtual cards, Apple Pay, Google Pay, Revolut Pay, Wise, and a growing roster of more than 30 local payment methods such as iDEAL, BLIK, and Przelewy24. Fiat coverage spans USD, EUR, GBP, and more than a dozen additional currencies including INR, BRL, TRY, and ZAR.

A June 2026 product update introduced gasless exchanges inside the Utorg wallet. Rather than requiring users to hold a native gas token before executing a swap, Utorg covers transaction fees from the token already being exchanged. On Solana, this means a user swapping USDC or another SPL asset does not need to hold SOL for fees since the fee is drawn from the outgoing token instead. The feature is active on seven networks: Ethereum, Polygon, BNB Chain, Optimism, Arbitrum, Avalanche, and Solana. For Solana users who historically faced friction when receiving SPL tokens without a SOL balance to pay rent or fees, gasless swaps meaningfully reduce onboarding friction.

The B2B side of Utorg is an API-first infrastructure layer. Partners integrate via a fully documented REST API, white-label widget, or SDK, enabling fiat-to-crypto and crypto-to-fiat conversion directly inside third-party apps. The company reports 100,000 or more daily transactions processed across integrations in gaming, fintech, exchange, and Web3 platforms. Dedicated integration managers are assigned to enterprise partners. For merchants and platforms that need B2B payment flows, Utorg also offers stablecoin-based settlement rails as an alternative to SWIFT, targeting gaming companies, e-commerce merchants, and fintech platforms operating across multiple jurisdictions. Utorg additionally issues branded physical and virtual Visa cards accepted at 80 million or more merchants globally, with no issuance, maintenance, or top-up fees and Google Pay and Apple Pay support.

For regulatory compliance, Utorg obtained full authorization under the EU Markets in Crypto-Assets regulation effective July 1, 2026, permitting operations across all 29 EEA member states under a unified regulatory passport. The company also holds PCI DSS Level 2 certification for cardholder data protection. It is incorporated as UTORG LABS HOLDING LTD in Abu Dhabi. Restricted jurisdictions include Afghanistan, China, Cuba, Iran, North Korea, Russia, Syria, and Venezuela. No public third-party smart contract security audit has been disclosed; the platform is primarily an off-chain payment and custody layer rather than an on-chain DeFi protocol.

Utorg reports serving more than 2 million users across 130 or more countries, with investor backers including Dragonfly and TA Ventures and additional angel participation from investors connected to payment processor Shift4. On Solana specifically, SOL is supported for purchase, storage, and transfer in the non-custodial wallet; Solana is one of seven chains with gasless exchange capability; and the B2B API can serve Solana projects needing regulated fiat onboarding without building their own compliance stack.