Portal to Bitcoin, a Bitcoin-native interoperability protocol, has successfully raised $25 million in a funding round led by JTSA Global. The round saw participation from notable investors including Coinbase Ventures, OKX Ventures, and Arrington Capital.
In conjunction with the funding announcement, Portal to Bitcoin introduced an atomic over-the-counter (OTC) trading platform. This platform offers instant, trustless cross-chain settlement for large transactions, targeting institutions and large investors. The protocol employs Hash Time Locked Contracts (HTLCs) and Bitcoin Taproot contracts to facilitate non-custodial exchanges of native Bitcoin with assets on integrated blockchains, aiming to minimize trust assumptions in transactions.
Portal to Bitcoin Secures $25M in Funding, Launches OTC Trading Platform
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
