Owlto Finance’s cross-chain protocol has been valued at $150 million after a new round of funding backed Matrixport.
Owlto Finance – a bridging cross-chain service designed as Ethereum‘s layer-2 roll-up solution, has attracted fresh capital in a funding round backed by Matrixport, boosting its valuation to $150 million.
Owlto Finance will launch in 2023 with support for 45+ networks. BitcoinEthereum Solana ecosystems. The amount of funding was not disclosed but it is understood that proceeds from the investment will be used to expand the network and advance an interoperability standard, which will enable the startup. “artificial intelligence agent” According to a crypto.news press release, the goal is to come up with cost-effective ways to bridge gaps.
Owlto Finance also develops a modular interface protocol, as well as an omnichain liquid solution. It will allow smart contracts to enable non-custodial, cross-chain transaction without having to deploy multi-chain liquid.
CertiK’s blockchain auditor has awarded the protocol a AA rating, placing it at among the highest-rated protocols. “highest-rated projects in the cross-chain bridge category.”
Owlto Finance raised $8 million two months prior, led primarily by Bixin Ventures. CE Innovation Capital also participated, as did Hailstone Labs. Presto. Skyland Ventures. GSR. Blocore. Kroma.
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Source: crypto.news
