bitscaler

ChainCatcher news, according to CoinDesk, the Bitcoin-first 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.The funds will be used to support the expansion of the company's adapter BitScaler. BitScaler allows for the scaling of 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. Currently, the company is also piloting integrations with wallets and custodial platforms to showcase non-custodial token swaps.