Utila, an institutional crypto wallet provider, has successfully raised $18 million in a Series A funding round led by Nyca Partners, bringing its total funding to $30 million. The capital will be used to expand its services amid increasing demand for managing digital assets and stablecoins, particularly among payment providers, neobanks, and fintech companies. The funding comes at a time when the market is experiencing a shift towards stablecoin adoption, highlighting the growing need for secure digital asset management solutions.