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Utila, the secure, all-in-one digital asset operations platform for institutions, today announced a strategic collaboration with Sphere, the leading global payments platform for cross-border transactions.
This collaboration integrates Utila’s enterprise-grade MPC wallet infrastructure and compliance capabilities directly into Sphere’s cross-border payment operations, enabling secure, compliant stablecoin-powered cross-border payments for businesses worldwide.
As traditional businesses increasingly adopt stablecoins for cross-border payments, the collaboration addresses critical infrastructure needs around security, compliance, and multi-currency support. Sphere and Utila jointly deliver an integrated solution that combines Utila’s custody and controls with Sphere’s cross-border orchestration to provide secure, compliant, and fast settlement.
Key Value for Our Customers
Institutional security & custody: Dedicated, policy-controlled MPC wallets and multi-signer approvals for superior key management.
Always-on compliance: Real-time transaction screening and controls across payment flows, with audit-ready transparency.
Fast, reliable settlement: Stablecoin rails orchestrated with bank/fiat endpoints for predictable, cross-border payout and reconciliation.
Operational clarity: Unified visibility and reporting across chains, currencies, and corridors to simplify treasury operations.
How the Integration Works
Customer Wallet Provisioning: Dedicated wallets spun up via Utila’s MPC platform for seamless transfers and funds segregation.
Policy & Controls: Custom approval workflows, spend limits, and transaction controls mapped to cross-border compliance requirements.
Integrated AML/KYT: Continuous screening and alerting embedded across settlement flows.
Treasury & Gas Ops: Direct funding, gas sponsorship, and multi-chain operations managed for reliability at scale.
Multi-Chain Transparency: End-to-end visibility with reconciliation across supported networks.
“Utila has transformed our stablecoin operations with a platform that delivers both the security we require and the operational clarity we need,” said Arnold Lee, Co-founder & CEO of Sphere. “Enterprises want speed without sacrificing governance. Together with Utila, we’re delivering stablecoin-powered payments that are as secure and compliant as they are fast and reliable—so finance teams can move with confidence across borders..”
Bentzi Rabi, Co-founder & CEO of Utila. “Sphere represents exactly the type of innovative payments company that’s driving mainstream stablecoin adoption for cross-border commerce. Our collaboration demonstrates how institutional-grade digital asset infrastructure can power the next generation of payment solutions. With Sphere’s focus on compliance and user experience combined with our security and operational capabilities, we’re enabling businesses worldwide to access the benefits of stablecoin payments with enterprise-level confidence.”
The collaboration enables Sphere to focus on what it does best—delivering multi-currency cross-border payment solutions—while Utila provides the underlying digital asset infrastructure for security, compliance, and multi-chain support. With multiple Utila clients already using Sphere’s on/off-ramping capabilities, the partnership builds on this foundation to bring those capabilities to more institutions.
About Sphere
Sphere is the operating system for the digital economy, transforming cross-border payments into a fast, secure, and reliable experience. Sphere empowers businesses and individuals in underserved and emerging markets by removing obstacles to global commerce and fostering economic growth. Sphere blends cutting-edge technology with intuitive interfaces to create a digital payments platform that orchestrates between various financial service providers, enabling businesses to transform transactions into valuable connections. Backed by leading investors, Sphere is compliant, audited, and designed to scale with the needs of global commerce.
Learn more at https://spherepay.co/en/
About Utila
Utila is the secure, all-in-one digital asset operations platform for institutions. Utila enables organizations of all sizes to securely manage and build on digital assets. Designed for PSPs, stablecoin products, neobanks, custodians, OTC desks, exchanges, and institutional investors, Utila offers secure MPC wallets, granular policy controls, robust APIs, payments and tokenization engine, and integrations with banking, AML, exchanges, DeFi, and more. Trusted by industry leaders, Utila processes over $12B monthly and has secured $60B+ in transactions—growing rapidly. Learn more at utila.io
Learn more at https://utila.io
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