Newsletter

July 2025

Author

Surya Deepan Elango
July 28, 2025

What is Utila?

Utila is the secure, all-in-one digital asset operations platform for institutions.

Utila empowers organizations of all sizes to securely manage and build on digital assets.

✅ Understanding Token Approvals on EVM & Tron: Risks & Best Practices

In our latest deep-dive, we unpack the mechanics of ERC-20 token approvals - how they work, risks they introduce, & what institutions can do to stay secure.

This article explores:

☑️ The fundamentals of the ERC-20 approval mechanism
☑️ Common vulnerabilities like infinite approvals and malicious spenders
☑️ Real-world attack scenarios and mitigation strategies
☑️ Best practices for managing token approvals safely
☑️ How Utila helps institutions monitor and revoke approvals across wallets

🤝 Utila Partners with Station70 to Deliver Institutional-Grade Disaster Recovery and Business Continuity

We’re excited to announce a comprehensive integration with Station70, the industry leading disaster recovery solutions provider for digital assets.

This two-way integration provides institutions with enterprise-grade disaster recovery and streamlined business continuity, enabling operational resilience and support for emerging regulatory requirements like DORA.

⛓️ Our Chainalysis integration now supports ​​screening & management of incoming deposits​​

This allows our customers to ensure all incoming funds are vetted before they are processed or transferred to other wallets. With this update, you can configure a robust AML policy that automatically ​​freezes tainted deposits​​ while ​​clearing legitimate funds​​—all in line with your organization’s compliance standards.

☑️ Targeted Screening​​: Choose which wallets should be protected by the AML policy to reduce unnecessary screening costs.

☑️ ​​Custom Clearing Logic​​: Tailor your AML policy to match your internal compliance requirements using Utila’s flexible rule engine.

☑️ Full Visibility​​: Get a detailed view of frozen funds by transaction, wallet, and asset.

☑️ Secure Resolution​​: Unfreezing funds requires admin quorum approval, ensuring full compliance and governance.

📊 Customer Story: Mandioca

🦾 Product Updates

📢 Utila Now Supports XRP Ledger 🎉

We’re excited to announce that Utila now supports XRP Ledger, one of the most established Layer 1 networks trusted by financial institutions and payment innovators globally.

https://www.linkedin.com/posts/utila-io_blockchain-integration-xrp-activity-7346530193987002369-0mUE/

📢 Utila now supports the Theta Network 🎥

We’re excited to announce support for the Theta Network, enabling institutions to manage both THETA and TFUEL tokens through the Utila platform.

https://www.linkedin.com/posts/utila-io_theta-blockchain-digitalassets-activity-7351576567963078659-tcvK/

📢 Introducing Risks Page in Utila 💥

We’ve launched a new Risks page in the Utila console to help institutions identify and manage hidden exposures - starting with EVM token approvals.

www.linkedin.com/posts/utila-io_productupdate-digitalassets-institutionalcrypto-activity-7348697734498947074-WzH1

🇮🇱 Israel’s First Stablecoin Event is Here 🔥

​Hosted by Utila, this invite-only event brings together a curated mix of fintech builders, institutional leaders, and digital asset pioneers to explore how stablecoins are reshaping payments and global financial access.

​Set in the heart of Tel Aviv, the event will spotlight real-world stablecoin use cases, evolving regulatory frameworks, and the unique role Israel plays in the future of programmable money.

👀 See Utila in action!

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