Utila

In an MPC wallet the private key exists only as several shares on separate machines, and a transaction is signed only when enough of them cooperate. A stolen laptop or a single compromised server is therefore not enough to move funds. Utila adds a policy engine on top: roles, limits, address allowlists and quorums decide who may start and who must approve each transfer.

An API co-signer signs routine transactions automatically within those policies, and webhooks report each step to the client systems. The platform supports EVM and non-EVM networks, more than 100 blockchains in total, and has passed a SOC 2 Type II audit.

For pay-ins, Utila gives each payer a dedicated deposit address, so that every incoming stablecoin transfer can be matched to a customer. Payouts run in batches with programmable controls, and gas wallets pay the network fees so that customers do not need to hold the native coin of each chain. On and off ramps convert between stablecoins and fiat and settle into bank accounts.

AML and KYT screening runs inside each transaction, and the travel rule data goes with transfers between service providers. Treasury teams see balances across blockchains, wallets and exchanges in one dashboard and export audit-ready reports for reconciliation.

A fintech that wants to offer stablecoin payments in the EU usually needs an authorization under MiCA before it can start. With the Licensed Partner Network, the fintech launches through a licensed partner of Utila in the EU, Switzerland, the United States or Canada. Utila supplies the wallets, the policy engine and the compliance tools, while the partner holds the regulatory permission.

Once the fintech has its own license, it moves to its own regulatory setup and keeps the same wallets, addresses and integrations.

In March 2025 Utila raised 18 million dollars in a Series A led by Nyca Partners, after a seed round of 11.5 million dollars in March 2024, as SiliconANGLE reported. Wing Venture Capital, NFX and Framework Ventures had backed the seed round.

With wallet as a service, a company creates and manages wallets for its own users through an API, without building key management itself. Utila runs the MPC signing and the policy checks, and the company builds the customer experience on top.

No, Utila issues no stablecoin of its own and supplies the infrastructure to issuers instead. Its tokenization engine lets banks and issuers mint, burn and distribute stablecoins, tokenized deposits and other onchain instruments under the same approval controls as the wallets.

Fintechs, payment firms, trading firms, banks and corporate treasuries use the platform, more than 400 companies in total. Utila publishes case studies with Vault Street, Kaio, SquareFi and Tyr Capital about how they run their funds and payments on it.

A multisig wallet needs several complete keys and signatures, and the blockchain checks them in a smart contract. An MPC wallet produces one ordinary signature from key shares, so the same setup works on every chain, including those without smart contracts.