Portal’s $34 Million Launch Sends Seed Stage Soaring.

Portal, a financial technology firm, has raised $34 million in its seed funding round. The funds will be used to develop atomic swap technology for Bitcoin. The funding was provided by investors including Coinbase Ventures, OKX Ventures, Gate.io, and Arrington Capital. The solution being developed by Portal will allow for peer-to-peer Bitcoin swaps using swapping layers on the blockchain, eliminating the need for centralized exchanges. The introduction of atomic swaps is expected to improve Bitcoin solutions and drive industry development. Portal is carving a unique niche in the Bitcoin landscape by addressing the complexities and risks of both centralized and decentralized exchanges. This funding round will support the growth of Portal and its innovative cross-chain private DEX protocol.