CoinVoice has learned that, according to CoinDesk, the Bitcoin priority protocol Portal to Bitcoin has secured $50 million in new funding 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 bridges, or other unsafe alternatives such as 'latest knowledge transfer'. Portal plans to use this new funding to expand its funding program and attract institutional and community liquidity providers. Currently, the company is also piloting integrations with wallets and custodial platforms to demonstrate non-custodial token swapping. [Original link]