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Portal to Bitcoin Secures $25 Million Led by JTSA Global

Portal to Bitcoin raises $25M to scale its Atomic OTC platform, offering instant, trustless cross-chain settlement for large trades using HTLCs and Bitcoin Taproot contracts.

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Summary

Portal to Bitcoin announced a $25 million funding round led by JTSA Global, with participation from Coinbase Ventures, OKX Ventures, and Arrington Capital. The firm introduced its Atomic OTC platform, enabling instant and trustless cross-chain settlement of large trades through Hash Time-Locked Contracts (HTLCs) and Bitcoin Taproot contracts, removing the need for intermediaries.

Terms & Concepts
  • Atomic OTC: A trading platform enabling instant and trustless cross-chain settlement of large over-the-counter cryptocurrency transactions.
  • Cross-chain: Technology that allows data or value transfer between different blockchain networks without centralized intermediaries.
  • HTLC: A Hash Time-Locked Contract, a smart contract used for conditional and time-bound cryptocurrency transactions, enabling secure cross-chain trades.