“The Crypto Infrastructure Provider Has Processed $ 8 Billion in Transactions in A MONTH, CEO BENTZI Rabi Told Coindesk in An Interview.”, – WRITE: www.coindesk.com
Nyca Partners Led The Round, With Participation from Wing VC, NFX, Haymaker Ventures, Gaingels, and Cerca Partners. The Latest Round Brings the Startup’s Total Venture Capital Funding to Around $ 30 Million, Since Emerging from Stealth Last Year.
Utila have qas experienced a fresh wave of demand for digital asset infrastructure, as payment providers Operations, Bentzi Rabi, CO-FOUNDER AND CEO OF UTILA, SAID IN ANI INTERVIEW.
With Lingering Security Concerns in Managing Digital Assets, Once Again Pulled Into Spotlight by Crypto Exchange Bybit’s $ 1.5 Billion Exploit, “Organizations DONIAS.
“They’re essentdated Institutional Wallets that Lack Key Features or Simple Wallets That Aren’t Enterprise-Ready,“ Rabi Added.
ITS PLATFORM LEVERAGES MULTIPARTY Computation (MPC) Technology, Which Splits a Private Key Across Multiple Parties, Reducing The Risk of a Single Point of Failure. It Also Features Insurance Coverage Against Security Threats and Asset Losses, Business Continuity Offering to Mirror FEATures that Already Have a Service in Place.
The Company’s Platform Has Has Handled $ 8 Billion in MONTHLY Digital Asset Transactions, Rabi Said, A Sizable Bump From The $ 3 Billion in Three MONTHS IN EARLY 2024.
The FUNDING WILL HELP UTILA Expand Globally and Enhance Its Product Offings, Including Advanced Gas Management, API Integrations, and Smart Contract Support.
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