PANews|Dec 04, 2025 14:20
[Bitcoin Native Interoperability Protocol Portal to Bitcoin Completes $25 Million Financing, Led by JTSA Global]
According to Cointelegraph, the Bitcoin native interoperability protocol Portal to Bitcoin has announced the completion of a $25 million financing round, led by JTSA Global, with participation from Coinbase Ventures, OKX Ventures, Arrington Capital, and other institutions. Along with the new funding, the company has launched an atomic over-the-counter (OTC) trading platform, promising 'instant, trustless cross-chain settlement for large-scale block trades.'
The protocol focuses on providing a Bitcoin-anchored cross-chain OTC trading market for institutions and large investors. It utilizes hash time-locked contracts (HTLCs) across multiple chains and Bitcoin Taproot contracts to enable non-custodial exchanges between native Bitcoin and native assets on integrated blockchains, with an emphasis on reducing trust assumptions in transactions.
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