The institutional-level encryption service platform Utila has completed a $11.5 million seed round of financing, with participation from Framework Ventures and others.

ChainCatcher news, according to The Block, institutional-grade crypto service platform Utila announced the completion of a $11.5 million seed round financing, with participation from NFX, Wing VC, and Framework Ventures.

It is reported that Utila primarily helps institutions and developers securely manage digital assets through its non-custodial, chain-agnostic wallet. The company claims to currently be used by dozens of institutional investors and native cryptocurrency companies, facilitating over $3 billion in transactions in the past six months.