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BridgePort Completes $3.2 Million Seed Funding Round, Led by Further Ventures

Summary: Cryptocurrency OTC settlement platform BridgePort has completed a $3.2 million seed funding round, with Further Ventures leading the investment and participation from Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures, and Humla Ventures. BridgePort offers middleware solutions that connect trading platforms, custodians, and trading firms. The platform aims to simplify fund allocation and post-trade processes, ...

Cryptocurrency OTC settlement platform BridgePort has completed a $3.2 million seed funding round, with Further Ventures leading the investment and participation from Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures, and Humla Ventures.

BridgePort offers middleware solutions that connect trading platforms, custodians, and trading firms. The platform aims to simplify fund allocation and post-trade processes, while addressing issues such as pre-funding requirements, credit risks, and inefficient settlement through real-time messaging and collateral management.

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