XDC Network Concludes Integration with Utila Enabling Institutional Access to Custody Assets

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Here’s a breakdown of the relevant details from the provided content:

Startup Information

Founders

  • Founders: Not explicitly listed in the text, but Ziv Keinan (Head of Markets and Partnerships) and Bentzi Rabi (Co-founder & CEO of Utila) are mentioned.

Integration Partner

  • Startup: Utila

Funds and Investors

  • Series A Funding: $18 Million
    • Date of Funding: March 2025
    • Investors:
    • Not specifically listed, but Utila’s operation is supported by institutional interests due to its service offerings.

Fundraise Series

  • Series: A
  • Amount Raised: $18 Million

Date of Announcement

  • Date: May 27, 2025 (for the XDC and Utila integration announcement)

Key Points

  • The integration allows banks and financial institutions to securely custody assets using Utila’s platform.
  • Previous partnerships mentioned include cooperation with significant financial entities like abrdn, Fidelity International, BlackRock, and State Street in relation to asset tokenization.

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2025-05-27 12:30:18