3 hours ago
Portal to Bitcoin, a Bitcoin-first protocol enabling trust-minimized cross-chain trading, has secured $50 cardinal successful caller financing led by Paloma Investments, bringing the project's full funds raised to $92 million.
The backing volition enactment the enlargement of BitScaler, the firm's adapter that scales autochthonal Bitcoin without wrapped tokens, custodial bridges, oregon "message passing oregon different insecure alternatives," according to an emailed announcement shared with CoinDesk connected Thursday.
The institution aims to marque Bitcoin the colony furniture for millions of markets, including tokenized stocks, bonds, stablecoins, and different real-world assets.
“We privation users to commercialized immoderate asset, accepted oregon decentralized, and settee with Bitcoin-grade security, without custodians ever being involved,” CEO and laminitis Dr. Chandra Duggirala said.
Portal plans to usage the caller superior to grow its grants programme and onboard some organization and assemblage liquidity providers. Pilot integrations with wallets and custody platforms are besides underway to showcase non-custodial swaps.
If Bitcoin succeeds successful becoming the default colony furniture for cross-chain trading, it could redraw the representation of planetary crypto liquidity, anchoring tokenized markets straight to the world’s largest and astir unafraid blockchain.
Read More: Tokenization of Real-World Assets is Gaining Momentum, Says Bank of America
English (US) 