Portal to Bitcoin, a Bitcoin-ST protocol, allowing reduced crossing in trust, has obtained $ 50 million in new funding led by Paloma Investments, bringing the total of the project funds collected at $ 92 million.
The funding will support the expansion of Bitscaler, the adapter of the company which evolves the native bitcoin without wrapped token, the guardian bridges or “the passage of messages or other unsecured alternatives”, according to an ad sent by shared email with Coindesk on Thursday.
The company aims to make Bitcoin the settlement layer for millions of markets, in particular tokenized shares, bonds, stablecoins and other real assets.
“We want users to exchange all active, traditional or decentralized, and settle with Bitcoin quality security, without the guards being never involved,” said CEO and founder, Dr. Chandra Duggirala.
Portal plans to use the new capital to extend its subsidy program and on board institutional and community liquidity suppliers. Pilot integrations with wallets and guard platforms are also underway to present non-guardian swaps.
If Bitcoin succeeds in becoming the default settlement layer for transversal trading, it could redesign the card of the liquidity of global cryptography, anchoring the tokenized markets directly towards the largest and secure blockchain in the world.
Read more: The tokenization of active active people is growing, explains Bank of America
