Newsletter

February 2025

What is Utila?

Utila is the most secure, flexible & robust platform to work with digital assets.

Utila enables organizations to securely manage crypto assets across multiple blockchains, wallets, teams & users on a single platform, without any complexity.

🏦 How Utila Enables Stablecoin-Powered Payments for Institutions

Stablecoins represent a revolutionary shift in global payments, addressing inefficiencies in traditional systems with unparalleled speed, cost-efficiency, and accessibility. They are more than just an alternative payment method—they are redefining how value is exchanged in the digital economy.

Learn how Utila empowers institutions to thrive in a stablecoin-powered future.

🤯 How $1.4 Billion Was Stolen Using One Bit in the Largest Crypto Hack

The recent Bybit hack is a sobering reminder of how a single overlooked detail — just one bit — can lead to catastrophic consequences.

  • A single parameter (operation: 1) in Safe’s contract execution allowed attackers to drain funds.

  • Multiple signers failed to catch it—was it compromised devices, manipulated UI, or just a lack of visibility?

  • Multi-signature security should mean multiple layers of visibility—not just multiple keys.

At Utila, we are laser-focused on eliminating hidden single points of failure in security workflows. No matter how sophisticated the system, a weak link—especially one as subtle as this—can be disastrous. Here’s a deep dive into the Bybit hack incident by Utila’s Co-founder & CTO, Sam Eiderman.

⛓️‍💥 Utila Now Supports Bittensor

We’re excited to announce that Utila has added support for Bittensor, a decentralized, open-source protocol powering a collaborative machine learning network.

Bittensor enables participants to produce and exchange digital commodities like AI models, compute power, and storage. As adoption accelerates, Utila now provides a secure, seamless, and governed way for businesses to engage with this expanding ecosystem. With this integration, Utila users can:

✅ Custody & transfer TAO securely
✅ Whitelist Bittensor addresses for seamless operations
✅ Tailor governance settings to meet compliance needs
✅ Interact with leading exchanges—all within a streamlined experience

📚 Knowledge Base

We are excited to announce the launch of our new Knowledge Base! 🎉

Whether you're looking to learn how to use Utila or have a product-related question, you can now easily access the Knowledge Base through the “Resource Center” by clicking "Go to Knowledge Base."

Simply log in to the console with your Utila credentials to get started.

🗞️ Media Highlights

We are excited to collaborate with DeFinity Markets, a leader in institutional digital asset trading, to enhance fiat on/off ramping and optimize FX execution for institutional digital asset transactions.

🦾 Product Updates

👀 See Utila in action!

Curious about Utila? Get a free demo to explore features, discuss use cases and get all your questions answered.