Bitcoin native interoperability protocol Portal to Bitcoin completes $25 million funding round, led by JTSA Global

ChainCatcher news, according to Cointelegraph, the Bitcoin native interoperability protocol Portal to Bitcoin has completed a $25 million financing round and launched an atomic OTC platform based on Hash Time-Locked Contracts (HTLC).

This round of financing was led by digital asset lending institution JTSA Global. Previously, the project had received investments from certain exchanges, Arrington Capital, and other institutions.

Chandra Duggirala, founder and CEO of Portal to Bitcoin, stated that the protocol aims to "make Bitcoin the settlement layer for the global asset market, without the need for bridges, custodians, or wrapped assets." The platform is built on the BitScaler Layer 3 network, adopts an architecture similar to the Lightning Network, and operates with a structure where a federation of validators serves as central nodes and liquidity providers act as peripheral nodes.