BlockBeats News, July 8th. Cryptocurrency off-chain settlement platform BridgePort has completed a $3.2 million seed funding round. Further Ventures led the round, with participation from Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures, and Humla Ventures.
BridgePort provides a middleware solution that connects trading platforms, custody providers, and trading firms. It aims to streamline fund allocation and post-trade processes, addressing issues such as pre-funding requirements, credit risk, and low settlement efficiency through real-time messaging and collateral management.