TechFlow, December 4 — According to Cointelegraph, the Bitcoin-native interoperability protocol Portal to Bitcoin has raised $25 million and launched an atomic OTC platform based on Hashed Time-Lock Contracts (HTLC).
The funding round was led by digital asset lending firm JTSA Global. Previously, the project received investments from Coinbase Ventures, OKX Ventures, Arrington Capital, and other institutions.
Chandra Duggirala, founder and CEO of Portal to Bitcoin, said the protocol aims to "make Bitcoin the settlement layer for global asset markets without bridges, custodians, or wrapped assets." The platform is built on BitScaler's Layer 3 network, adopting a Lightning Network-like architecture that operates through a validator consortium as central nodes and liquidity providers as peripheral nodes.
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