XDC Network Completes Integration with Utila, Allowing Institutions to Access Custodial Assets
[PRESS RELEASE – London, UK, May 27th, 2025]
XDC Network, a Layer-1 blockchain compatible with EVM and designed for enterprise use, has confirmed the completion of its integration with Utila, a comprehensive platform for digital asset operations tailored for enterprises. This collaboration allows financial institutions and banks to manage custody of assets through Utila’s secure environment.
This partnership signifies a major advancement for XDC Network. Earlier this year, the platform introduced the first tokenized funds, representing major money market funds from prominent providers such as abrdn, Fidelity International, BlackRock, and State Street. This development complements an earlier collaboration with Archax aimed at the tokenization of real-world assets.
“This integration is a significant partnership that empowers traditional banks and financial institutions to safely manage and hold assets,” stated Ziv Keinan, Head of Markets and Partnerships at XDC. “With Utila’s robust security infrastructure, user-friendly interface, and easy integration capabilities, they are the perfect collaborator as we broaden institutional engagement with digital assets on our network.”
This collaboration introduces new functionalities for institutions operating on the XDC platform:
- Safeguard XDC assets through Utila’s non-custodial, MPC-based wallet solutions
- Enforce role-specific access and detailed policy controls among users and teams
- Streamline treasury workflows, manage tokens, and facilitate transfers on XDC
- Access the XDC Network via a customizable EVM RPC for enhanced control and performance
“We’re thrilled to incorporate support for the XDC Network into our multi-chain framework,” commented Bentzi Rabi, Co-founder & CEO of Utila. “As the demand for digital payments, tokenization, and the adoption of real-world assets accelerates, institutions require adaptable and secure infrastructures for operating across various blockchains. This integration guarantees they can proceed with assurance—maintaining both security and ease of use.”
The integration is accessible to all customers of both Utila and XDC Network.
About XDC Network
The XDC Network has been crafted specifically to facilitate trade finance and the tokenization of real-world assets. As a highly efficient, EVM-compatible Layer-1 blockchain, it employs a delegated proof-of-stake (dPoS) consensus mechanism, resulting in extremely swift transaction times, minimal gas fees, and a high throughput of transactions per second (TPS).
Scalable, secure, and efficient, the XDC Network supports a spectrum of innovative blockchain applications, providing advanced infrastructure suitable for enterprise-level solutions.
About Utila
Utila serves as a secure, all-in-one platform for digital asset operations aimed at institutions. It empowers organizations to efficiently manage and expand their digital asset initiatives.
Offering secure MPC wallets, detailed policy management, robust APIs, payment solutions, and a tokenization engine, Utila integrates seamlessly with banking, AML, exchanges, DeFi, and more. Trusted by industry leaders, it handles over $8 billion monthly and has successfully managed transactions exceeding $35 billion while rapidly expanding its services.
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