The Bitcoin native interoperability protocol Portal to Bitcoin has completed a $25 million financing round, led by JTSA Global

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, with previous investments from Coinbase Ventures, OKX Ventures, Arrington Capital, and others.

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 bridging, custody, or wrapping assets." The platform is built on the BitScaler Layer 3 network, utilizing a structure similar to the Lightning Network, operating with a validator coalition as the central node and liquidity providers as radial nodes.