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Portal to Bitcoin raises $25M for atomic cross-chain settlement

By PulseAugur Editorial · [1 sources] ·

Portal to Bitcoin has secured $25 million in funding to develop an atomic OTC desk utilizing Hashed Timelock Contracts (HTLCs) for non-custodial, cross-chain settlement. This funding, with participation from notable investors like Coinbase Ventures and OKX Ventures, validates the concept of atomic, trust-minimized settlement as essential infrastructure. The article clarifies that true atomicity means all operations either complete or fail entirely, with no intermediate states, enforced by cryptographic methods rather than relying on intermediaries. AI

IMPACT Validates and capitalizes on the development of trust-minimized settlement infrastructure, potentially impacting future financial systems.

RANK_REASON Significant funding round for a company developing a novel financial settlement technology. [lever_c_demoted from significant: ic=1 ai=0.1]

Read on dev.to — MCP tag →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Portal to Bitcoin raises $25M for atomic cross-chain settlement

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Significant funding round for a company developing a novel financial settlement technology. [lever_c_demoted from significant: ic=1 ai=0.1]
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funding, product, other
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146 days old
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COVERAGE [1]

  1. dev.to — MCP tag TIER_1 English(EN) · Baris Sozen ·

    Someone just raised $25M for atomic settlement. Here's what 'atomic' actually has to mean.

    <h2> A $25M vote of confidence in a primitive </h2> <p>This week, Portal to Bitcoin raised $25M to build an "atomic OTC desk" — HTLC-based, non-custodial, cross-chain settlement aimed at institutions and large block trades, with Coinbase Ventures, OKX Ventures, and Arrington Capi…

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