Portal To Bitcoin, a Bitcoin-First protocol that allows trusted minimized cross chain trade, has obtained $ 50 million in new financing led by Paloma Investments, which raises the total funds of the project to $ 92 million.
The financing will support the expansion of Bitscaler, the adapter of the company that native bitcoin scale without wrapped tokens, custody bridges or “messages of messages or other insecure alternatives”, according to an announcement sent by email shared with COINDESK on Thursday.
The company aims to make Bitcoin the liquidation layer for millions of markets, including tokenized shares, bonds, stables and other real world assets.
“We want users to exchange any active, traditional or decentralized, and are in accordance with the Bitcoin degree security, without the custodians being involved,” said the CEO and founder Dr. Chandra Duggirala.
Portal plans to use the new capital to expand its subsidies program already boarding institutional and community liquidity suppliers. Pilot integrations with wallets and custody platforms are also underway to exhibit Swaps without custody.
If Bitcoin manages to become the default settlement layer for the cross -chain trade, he could re -draw the map of the global cryptography liquidity, anchoring the tokenized markets directly to the largest and most safe block chain in the world.
Read more: the tokenization of real world assets is gaining impulse, says Bank of America
