A startup company in Israel that offers a platform to help institutions manage their cryptocurrency holdings has secured $11.5 million in early money.
Angel investors like Balaji Srinivasan were among the bakers, along with NFX, Wing VC, Framework Ventures, Fasanara Digital Ventures, North Island Ventures, Republic Capital, Liquid2, Inspired Capital, Lyrik Ventures, DCG Expeditions, Launchpad Capital, Shima Capita, K5 Global, Big Brain Holdings, and Impatient.
The money will be used by the company to advance its development initiatives, penetrate new markets, and increase operations.
Under the leadership of CEO Bentzi Rabi, Utila is an enterprise-grade crypto operations platform that helps businesses of all kinds safely manage their digital assets. They provide an enterprise-grade wallet platform that is safe, non-custodial, chain-agnostic, and powered by a transaction policy engine for fine-grained control and MPC key management for security.
Institutional investors, trading companies, and Web3 developers can easily and effectively manage cryptocurrency assets across several blockchains, wallets, and users on a single platform by utilizing its institutional MPC wallet. Furthermore, developers can create unique products on top of our safe multi-chain wallet architecture by utilizing an API. In just a few months, Utila—which is used by leaders in the industry like Fasanara, Starkware, and Psalion—secured over $3 billion in transaction volume and is still expanding quickly.
Concerning UTILA
Simplify institutional crypto operations: Easily, safely, and effectively manage your company’s cryptocurrency assets across several chains, wallets, and users on a single platform.
Engaging with the cryptocurrency market shouldn’t be difficult. Utilize Utila’s user-friendly and customizable platform to manage digital assets whenever and however you choose.
