TechFlow news: Owlto Finance, an intent-centric cross-chain interoperability protocol, has announced the completion of an $8 million strategic funding round co-led by Bixin Ventures and CE Innovation Capital. Participants in the round include Presto, Hailstone Labs, Skyland Ventures, Blocore, SNZ Capital, BESTO, Kroma, Coinseeker.co, Stratified Capital, X21 Digital, Maxx Capital, Incubate Fund, GSR, and ChainCatcher.
The funds will be primarily used to accelerate the upgrade of its AI-powered intent-based cross-chain products, develop its modular cross-chain interoperability protocol, expand global operations and marketing, enhance its omnichain liquidity solution (V2), and support capital market initiatives.
Notably, Owlto Finance initially launched as an ETH Layer2 bridge and within about six months captured over 75% of third-party cross-chain volume across certain ETH Layer2 networks. Recently, Owlto Finance has further expanded into the Bitcoin ecosystem.
