what's Utila?

Utila is a self-custody wallet platform and API designed for organizations to securely manage digital assets and build custom solutions. It leverages multi-party computation (MPC) technology to provide institutional-grade security, enabling seamless custody, treasury management, and operations across multiple blockchains without relying on traditional single-key wallets. The platform supports integrations with exchanges, DeFi protocols, on-ramps, and compliance tools, allowing institutions to handle stablecoins, tokenization, and payments efficiently. Utila's infrastructure emphasizes governance, scalability, and developer-friendly APIs, facilitating applications like automated payouts, reporting, and capital deployment. By abstracting complexities of multi-chain environments, it bridges traditional finance controls with blockchain capabilities, ensuring robust access controls, audit trails, and compatibility with EVM and non-EVM networks for enterprise use cases such as trade finance and real-world asset management.

Utila launched institutional stablecoin yield on OP Mainnet, integrating Lido stETH for staking rewards.