Portal Secures $50 Million in Funding on August 28, 2025

According to media reports, Portal secured $50 million in funding on August 28, 2025. The investment was led by Paloma Investments. With this round, Portal's total cumulative funding has reached $92.5 million.Portal is a non-custodial Bitcoin cross-chain interoperability protocol. The protocol enables fast, low-cost atomic swaps between Bitcoin assets (such as BTC, Ordinals, and Runes), Layer 2 networks, and other public blockchains. Portal's technological innovation eliminates the need for traditional cross-chain bridges or wrapped assets, significantly improving the efficiency and security of cross-chain transactions.Examining Portal's development trajectory, the project has demonstrated strong growth momentum. Since raising $8.5 million in a pre-seed round in September 2021, Portal has completed multiple funding rounds. In January 2024, it closed a $34 million seed round, and this latest $50 million round will further accelerate its technology development and market expansion. Notably, according to the latest information, Portal's token PTB is scheduled to begin trading on September 3, 2025, marking a new phase in the project's evolution.Against the backdrop of growing importance of cross-chain interoperability, Portal's bridge-free solution delivers a significant innovation to the Bitcoin ecosystem and is expected to play a key role in advancing connectivity between the Bitcoin network and other blockchain networks.