Utila Partners with Borderless.xyz to Empower PSPs and Payments Firms with Global Banking Rails

Utila, the leading enterprise-grade crypto operations platform, today announced a collaboration with Borderless.xyz the leading global payments infrastructure company.

This collaboration empowers Utila’s payments customers with access to Borderless.xyz’s Global Transfer Protocol (GTP) enabling them to onramp and offramp stablecoins in over 50 countries, for collections, payouts, and cross-border payments.

Utila customers using GTP can receive transactions directly into their Utila workspace for approvals and benefit from seamless orchestrations between GTP’s global banking network and their Utila workspace. With this partnership, Utila strengthens its position as a one-stop shop for payments companies looking to leverage digital assets while Borderless.xyz expands the reach of its network through Utila’s institutional crypto operations platform.

Key Features:

• Utila customers will have access to Borderless.xyz’s Global Transfer Protocol (GTP) for global payments and stablecoin liquidity while seamlessly managing their funds and day-to-day crypto operations from Utila’s platform.
• GTP is supported by a network of participating financial institutions (PFIs) who process fiat transactions providing regulated and compliant transactions.
• Payments companies looking to start leveraging stablecoins will be able to create pre-configured Utila workspaces directly from Borderless.xyz’s APIs and dashboard creating in a simple way to start using digital assets without previous market experience.

Bentzi Rabi, Co-founder & CEO of Utila says:

“We are thrilled to partner with Borderless.xyz to provide our payments customers with access to local banking rails and fiat currencies globally. This partnership combines Utila’s industry leading institutional crypto operations platform with Borderless.xyz’s leading payments infrastructure to offer a comprehensive solution for the next generation of payments”.

Kevin Lehtiniitty, CEO of Borderless.xyz adds:

“We are extremely impressed with Utila and the wide variety of options they provide for managing institutional crypto operations from a unified platform. Payments companies are flocking to stablecoins and onchain assets to improve both speed and reliability of transactions while simultaneously reducing cost. We’re excited to combine our global liquidity and transfer capabilities with Utila’s leading crypto operations products”.

Utila’s collaboration with Borderless.xyz marks a major milestone in making stablecoin payment infrastructure available to institutions and PSPs. By combining Utila’s industry leading crypto operations platform with Borderless.xyz’s Global Transfer Protocol, payment firms can now confidently bridge fiat currency to stablecoins globally and unlock faster, cheaper, and more available payments workflows.

About Borderless.xyz

Borderless.xyz is a leading global payments infrastructure company designed to facilitate transactions using internet native money including stablecoins and real-world assets (RWAs). Covering more than 50 countries and 23 currencies, Borderless.xyz’s mission is to empower builders to create efficient money movement, deliver stable currencies to emerging markets, and drive the transition to onchain banking.

To learn more, visit https://borderless.xyz/. 

About Utila

Utila is an enterprise-grade crypto operations platform and an institutional MPC wallet provider. Utila enables organizations of all sizes to securely manage digital assets across multiple blockchains, wallets, and users on a single platform, without any complexity. We simplify digital asset management and crypto operations for institutions without compromising on security or usability. Trusted by industry leaders, Utila has secured over $10 Billion in transactions since launch and is growing rapidly.

To learn more, visit https://utila.io/