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BridgePort Secures $3.2M Seed Funding to Expand Crypto OTC Services
BridgePort Secures $3.2M Seed Funding to Expand Crypto OTC Services
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BTCCSquare news:
Abu Dhabi-based cryptocurrency OTC platform BridgePort has raised $3.2 million in a seed funding round led by Further Ventures. The investment saw participation from Virtu, XBTO, Blockchain Founders Fund, and other web3-focused firms.
The capital will fuel team expansion and platform development to meet growing institutional demand for off-exchange settlement infrastructure. BridgePort's solution eliminates prefunding requirements on exchanges while mitigating credit risk through real-time messaging and collateral coordination.
"This marks a major milestone in solving capital inefficiencies in crypto settlements," said CEO Nirup Ramalingam. The platform positions itself as a critical bridge between traditional investors and digital assets.
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