Utila raises $22 million Series A expansion, tripling valuation in six months

Fintech company Utila has announced a $22 million Series A expansion just six months after closing its initial $18 million round. The new investment brings the total raised in the round to $40 million, nearly tripling the company’s valuation in that short period. The round was led by Red Dot Capital Partners with participation from DCG, Nyca, Wing VC, Cerca Partners, SilverCircle, and FunFair, bringing total investment in the company to more than $50 million.

Full list of Israeli high-tech funding rounds in 2025

The digital asset platform developed by Utila provides financial and business institutions with the infrastructure to manage cryptocurrency and stablecoin operations, including token issuance, asset custody, reconciliation, and regulatory oversight. More than 200 institutions worldwide are already using the system, which allows them to integrate digital assets into existing financial processes securely and transparently.

Utila, which employs 40 people, reports that the total volume of secured transactions on its platform has surpassed $60 billion, with monthly transaction volumes exceeding $12 billion. These figures reflect broader growth trends in the stablecoin market. In the first half of 2025, the global stablecoin supply stood at approximately $252 billion, while monthly settlement volumes reached roughly $1.39 trillion.

“This issue is emerging across every company and organization,” CEO Bentzi Rabi told Calcalist. “Stripe is putting significant focus on stablecoins, calling them the future, and if you look at all major payment companies, each has only recently outlined its approach to stablecoins. Banks are also recognizing the need to participate and are stepping into the market.”