Utorg Teams Up with Sei

Utorg Teams Up with Sei

At Utorg, we aim to increase crypto adoption and make the world of digital currencies accessible to everyone. To achieve this, we are thrilled to announce our expanded partnership network and a new ecosystem collaboration with Sei — the leading Layer 1 blockchain specifically designed for trading applications.

Through this exciting partnership, we will enhance the entire Sei Network by offering both crypto on-ramp and off-ramp solutions. This means that all Sei builders, armed to the teeth with our tools, will be able to effortlessly equip their users with a seamless experience for buying and selling crypto by integrating our payment gateway.

To further streamline the buying and selling process and make it as smooth as silk, our payment gateway features an AI-powered KYC module that cuts the mustard, allowing users to complete identity verification in just 3 minutes. Plus, with support for 13+ payment methods and 25+ local fiat currencies, users across 175 countries can easily buy and sell a variety of digital assets.

About Sei

Sei is a groundbreaking Layer 1 blockchain that has been specifically designed for trading applications. This innovative platform was founded in 2022. It is optimized to improve the performance of exchanges and deliver an unparalleled user experience for their customers.

Sei stands out as the fastest chain to finality on the market today, with an impressive capability of 22,000 orders per second and 600 ms of transaction finality. This cutting-edge blockchain delivers not only blazing-fast transaction speeds but also ensures low cost of transactions and industry-leading throughput. The combination of speed, affordability, and performance makes Sei an ideal solution for trading platforms looking to stay ahead in the competitive blockchain landscape.

The Sei platform has garnered significant attention from some of the most prominent blockchain ecosystems, with over 120 teams gearing up to deploy on Sei as it transitions into mainnet. These teams represent a diverse range of platforms, including Solana, Avax, Polygon, NEAR, and Ethereum, all of which see immense potential in Sei’s specialized capabilities.

The team behind Sei boasts veterans from leading companies such as Robinhood, Goldman Sachs, and Databricks at the helm. Their collective experience and expertise have been instrumental in shaping Sei into the groundbreaking solution it is today.

In a major milestone, Sei successfully secured a remarkable $5 million seed round funding in August 2022, spearheaded by the reputable Multicoin Capital. They also attracted the attention of other esteemed investors like Coinbase Ventures, Hudson River Trading, GSR, Flow Traders,  Tangent, and Delphi Digital, just to name a few.