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By Jamie Crawley, AI Boost|Edited by Aoyon Ashraf
Aug 28, 2025, 3:31 p.m.
- Portal to Bitcoin, a Bitcoin-first protocol enabling trust-minimized cross-chain trading, has secured $50 million in new financing led by Paloma Investments.
- The funding will support the expansion of BitScaler, Portal’s adapter that scales native Bitcoin without wrapped tokens, custodial bridges, or insecure message-passing.
Portal to Bitcoin, a Bitcoin-first protocol enabling trust-minimized cross-chain trading, has secured $50 million in new financing led by Paloma Investments, bringing the project’s total funds raised to $92 million.
The funding will support the expansion of BitScaler, the firm’s adapter that scales native Bitcoin without wrapped tokens, custodial bridges, or “message passing or other insecure alternatives,” according to an emailed announcement shared with CoinDesk on Thursday.
STORY CONTINUES BELOW
The company aims to make Bitcoin the settlement layer for millions of markets, including tokenized stocks, bonds, stablecoins, and other real-world assets.
“We want users to trade any asset, traditional or decentralized, and settle with Bitcoin-grade security, without custodians ever being involved,” CEO and founder Dr. Chandra Duggirala said.
Portal plans to use the new capital to expand its grants program and onboard both institutional and community liquidity providers. Pilot integrations with wallets and custody platforms are also underway to showcase non-custodial swaps.
If Bitcoin succeeds in becoming the default settlement layer for cross-chain trading, it could redraw the map of global crypto liquidity, anchoring tokenized markets directly to the world’s largest and most secure blockchain.
Read More: Tokenization of Real-World Assets is Gaining Momentum, Says Bank of America
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Jamie has been part of CoinDesk’s news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
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By Jamie Crawley|Edited by Stephen Alpher
1 hour ago
Mo, which has now raised almost $100 million in capital do far, declined to disclose its valuation in the funding round, according to the report
What to know:
- Stablecoin startup Mo has raised $40 million in Series B funding led by Polychain and Ribbit Capital.
- The startup is building a network for stablecoin issuers to deploy tokens without having to build their own software for transferring assets across chains or changing one token for another.
- The market capitalization of stablecoins has more than doubled in size this year.
