Portal to Bitcoin Secures $50 Million for Cross-Chain Trading Expansion
Portal to Bitcoin has raised $50 million, led by Paloma Investments, increasing total funding to $92 million. This capital will enhance BitScaler, a tool that scales native Bitcoin without using wrapped tokens or custodial bridges.
Key points include:
- Objective to position Bitcoin as a settlement layer for various markets, including tokenized stocks and stablecoins.
- CEO Dr. Chandra Duggirala emphasizes trading assets with Bitcoin-grade security without custodians.
- Plans to expand grants program and onboard liquidity providers.
- Ongoing pilot integrations with wallets and custody platforms to demonstrate non-custodial swaps.
If successful, this initiative could significantly alter global crypto liquidity by connecting tokenized markets to Bitcoin.