Owlto Finance secures new funding at $150m valuation

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As an experienced financial analyst who has closely followed the blockchain industry for years, I am particularly intrigued by Owlto Finance’s latest funding round and its impressive valuation of $150 million. Having witnessed the growing demand for cross-chain interoperability solutions, I believe that Owlto Finance is well-positioned to capitalize on this trend with its innovative approach.

Owlto Finance, a cross-chain interoperability protocol that I follow, has successfully secured fresh funding with Matrixport leading the investment round. Consequently, the company’s valuation now stands at an impressive $150 million.

I’m reporting that Owlto Finance, a cross-chain bridging platform functioning as Ethereum‘s layer-2 roll-up solution, has successfully secured new investments in a funding round, led by Matrixport. Consequently, the company’s valuation has surged to an impressive $150 million.

Introduced in 2023, Owlto Finance boasts over 45 networks in Bitcoin, Ethereum, and Solana’s ecosystems as part of its offerings. The specifics of the funding round have yet to be revealed, but the funds are expected to contribute towards broadening network compatibility and progressing an innovative interoperability protocol. This new technology will employ “artificial intelligence agents” to propose affordable bridging solutions based on the press release obtained by crypto.news.

As a crypto investor, I’m excited about Owlto Finance’s progress in creating a modular interoperability protocol and an omnichain liquidity solution. This means that I can easily facilitate non-custodial cross-chain transactions using smart contracts without the need to manage my own multi-chain liquidity. It’s like having a universal key that unlocks the doors between different blockchains, making my investments more accessible and versatile.

As a researcher investigating various blockchain projects, I’m excited to share that the protocol I’ve been examining has received an impressive AA rating from the reputable blockchain auditor CertiK. This distinction positions our project among the elite in the cross-chain bridge category.

Two months ago, Owlto Finance secured $8 million in strategic funding, spearheaded by Bixin Ventures and CE Innovation Capital, with additional investment from Hailstone Labs, Presto, Skyland Ventures, GSR, Blocore, Kroma, and SNZ Capital.

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2024-07-17 17:16