Portal announces equity offering via Republic

After receiving investments from well-known companies such as Coinbase, Portal seeks to raise funds from more than 1,900 investors worldwide.

Portal, a cross-chain layer 2DEX network built on Bitcoin, announced that the provision of RegD Equity through the Republic began on Monday, July 18th. Republic is a multi-asset investment platform that allows anyone to invest in scrutinized private startups.

With the launch of the portal’s public sale, the company said it intends to expand Bitcoin’s capabilities to lay a stronger foundation for self-sovereign finance.

The company added that investors and partners enjoy the company’s growth as much as its founders. By making the ownership of the portal publicly available, the company is expanding the accessibility of its operations (and profits) to more people.

Republic, a public sale platform, states that in the review process, only 3% of startups approve funding on the platform. The portal equity offering is an opportunity for the general public to invest in an ambitious project to build DeFi on top of the Bitcoin blockchain.

Public sales are only available to 1,900 investors worldwide, including investors from the United States. Investors have the option of raising purchase funds via fiat money or in BTC, USDT, USDC, or ETH.

While commenting on this latest development, Portal CEO Eric Martindale said:

“The signal remains strong in the storm Bitcoin remains the most likely candidate for the future of financial infrastructure. As Bitcoin’s metrics continue to reach record highs, the portal Is eager to attract this new investor in pursuit of advances in Bitcoin-based infrastructure and continued decentralization of traditional financial services. “

The portal is currently preparing to launch a testnet over the next few weeks. This project builds a full-fledged, censorship-resistant DeFi ecosystem on top of the Bitcoin network.

The portal uses the Bitcoin network as a rail to build many layers of censorship-resistant financial applications on it.

According to the team, the peer-to-peer atomic swaps that underpin the portal provide true decentralization, allowing users to trade native Layer 1 assets between different blockchains without delays, blocked funds, or exploits. ..

In addition, the platform’s Layer 2 and Layer 3 technologies simplify the construction of one-click execution of cross-chain swaps on censorship-resistant communications, media, and Bitcoin blockchains.

The portal also facilitates private off-chain execution of all peer-to-peer “smart contracts” such as asset issuance, swaps, staking, liquidity and derivatives without third party control or control. ..