BlockBeats news, August 28, reported by Coindesk, that the Bitcoin startup Portal to Bitcoin has completed a $50 million financing round led by Paloma Investments, bringing the total funding for the project to $92 million.
This funding will be used to support the expansion of the company's adapter BitScaler. BitScaler can scale native Bitcoin without the need for wrapped tokens, custodial bridging, or 'messaging or other insecure alternatives.' Portal plans to use this new funding to expand its grant program and attract institutional and community liquidity providers.
