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The encryption off-exchange settlement platform BridgePort has completed a $3.2 million seed round of financing.
PANews, July 8th news, according to Techinasia, the crypto assets over-the-counter settlement platform BridgePort has completed a $3.2 million seed round financing, led by Further Ventures, with participation from Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures, and Humla Ventures. The company plans to enhance its collateral and credit features in subsequent updates. The company offers a middleware solution that connects exchanges, custodians, and trading firms. This solution aims to optimize capital allocation and post-trade processes through real-time messaging and collateral management, while addressing issues such as pre-funding requirements, credit risk, and low settlement efficiency.