Utexo is developing a Bitcoin-native execution and settlement layer that lets payment operators process USDT stablecoin transactions instantly with predictable costs and privacy. Its API and SDK combine the Lightning Network’s real-time transaction capability with RGB’s privacy-preserving asset issuance to remove the technical complexities of routing stablecoin payments on Bitcoin rails. By abstracting custody, compliance workflows, and user-experience changes, the platform enables operators to integrate Bitcoin-based settlement without rebuilding their systems. Led by Viktor Ihnatiuk and Chris Hutchinson, the company positions itself as critical infrastructure for stablecoin payment providers seeking speed and discretion. The freshly raised capital will be directed toward expanding operations and accelerating product development. No revenue, user, or other operating metrics were disclosed in the article.

Total raised

$8M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2026