Portal for Bitcoin, a Bitcoin-first protocol that enables Trust-minimized transverse chain trade, has secured $ 50 million in new financing led by Paloma Investments, bringing the project’s total funds collected to $ 92 million.
The funding supports the extension of Bitscaler, the company’s adapter, scaling native Bitcoin without wrapped tokens, custody bridges or “Message departure or other uncertain alternatives,” according to an E email message shared with Coindesk on Thursday.
The company aims to make Bitcoin the conciliation for millions of markets, including tokenized shares, bonds, stablecoins and other assets in the real world.
“We want users to act any active, traditionally or decentralized and run with Bitcoin quality security, without the custodians ever involved,” said CEO and founder Dr. Chandra Duggirala.
Portal plans to use the new capital to expand its grant program and aboard both institutional liquidity providers. Pilot integrations with wallets and detention platforms are also underway to show non-parenting authority swaps.
If Bitcoin succeeds in becoming the standard launch layer for trade across chain, it can draw the map of global crypto-liquidity, anchoring tokenized markets directly to the world’s largest and most secure blockchain.
Read more: Tokenization of assets in the real world wins speed, says Bank of America
