Blockchain payment infrastructure company Utexo has announced the completion of a $7.5 million seed round led by Tether, Big Brain Holdings, and Portal Ventures, with participation from over ten institutional investors including Franklin Templeton, Maven11 Capital, and FlowTraders. Utexo provides payment operators with a single API that integrates Bitcoin, the Lightning Network, and the RGB protocol to enable instant settlement of USDT on the native Bitcoin network—with fixed, predictable transaction fees, settlement times under one second, and fully encrypted, private execution. This marks USDT’s official return to the Bitcoin network after more than a decade, with the potential to establish Bitcoin as the core settlement rails for global dollar-denominated payments.
Utexo Completes $7.5M Seed Round Led by Tether, Big Brain Holdings, and Portal Ventures
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Summary
Blockchain payment infrastructure firm Utexo has closed a $7.5 million seed round led by Tether, Big Brain Holdings, and Portal Ventures, with Franklin Templeton, Maven11 Capital, and FlowTraders among the participants. The company combines Bitcoin, the Lightning Network, and the RGB protocol to offer a single API for instant USDT settlement on Bitcoin’s network. This Bitcoin news marks the return of USDT to the native chain after over a decade, with the network upgrade enabling sub-one-second transactions and fixed fees.
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