Unlocking Secure Crypto Asset Management with Utila
Utila, the institutional crypto platform, has recently secured an impressive $11.5 million in seed funding from major investors like NFX, Wing VC, and Framework Ventures. This funding will support the development of Utila’s innovative non-custodial multi-chain portfolio management solution. Dive into the details below to explore how Utila is revolutionizing crypto asset management.
Crypto News: Utila Secures Significant Funding
– Utila has successfully raised $11.5 million in its initial funding round led by NFX and Wing VC.
– Additional participants in the funding round include Framework Ventures and notable angel investors.
– The platform enables institutions and developers to securely manage digital assets through a non-custodial, chain-independent wallet.
– Utila has facilitated over $3 billion in transactions for institutional investors and crypto companies in the past six months.
– The funds raised will fuel product development and team expansion at Utila, which currently comprises 25 professionals.
– Utila aims to tackle operational, regulatory, and security challenges associated with corporate cryptocurrency adoption.
– The platform offers a user-friendly experience that streamlines transactions for organizations like 1Konto.
A Comprehensive Ecosystem for Crypto Asset Management
– Utila’s non-custodial wallet empowers organizations to retain control over their assets across various networks such as Bitcoin, Ethereum, EVM-compatible chains, and Solana.
– The platform leverages MPC keys for enhanced security and offers a quick onboarding process.
– MPC involves dividing a private key among multiple entities to enable secure joint cryptocurrency transactions without full key access by any single party.
– Utila caters to a diverse client base including hedge funds, OTC desks, market makers, prime brokers, custodians, exchanges, and token issuers.
– CEO Bentzi Rabi emphasizes that Utila is more than just a crypto portfolio—it’s a holistic ecosystem addressing current challenges in asset management.
Hot Take: Elevating Crypto Asset Security with Utila
Experience a new era of secure crypto asset management with Utila’s cutting-edge non-custodial solution. Join leading institutions and crypto companies in leveraging Utila’s platform to streamline operations, enhance security measures, and unlock new possibilities in the digital asset landscape.
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