Portal, a cross-chain DEX, launches its equity offering on the Republic Platform

2 years ago 109

Portal, a cross-chain Layer-2 DEX network that is being built on Bitcoin, has announced its Reg D equity offering to be conducted on the Republic platform. The public sale will kick off on July 18^th.

The Portal network seeks to extend the capabilities of Bitcoin to create a more robust foundation for decentralized finance.

By conducting an equity offering on Republic, Portal not only provides investors with the opportunity of investing in a promising startup but also extends the accessibility of its operations to the wider masses. It is also a great milestone for Portal seeing that Republic only approves 3% of startups to fundraise on its platform.

Commenting on the upcoming equity offering, Portal CEO Eric Martindale said:

“The signal remains strong in the storm — Bitcoin remains the most likely candidate upon which the future of financial infrastructure will be built. As Bitcoin’s metrics continue to achieve all-time highs, Portal is eager to bring on this new round of investors in pursuit of advancing Bitcoin-based infrastructure and the continued decentralization of traditional financial services.”

Portal testnet

The equity offering comes as Portal prepares to launch a testnet of its full-fledged, censorship-resistant DeFi ecosystem on top of Bitcoin in a few weeks’ time.

Portal is leveraging the power of the leading cryptocurrency, Bitcoin, to create rails for building layers of censorship-resistant financial applications. In essence, Portal features peer-to-peer atomic swaps in providing true decentralization in trading Layer-1 assets on different blockchains instantly through one-click execution of cross-chain swaps.

Portal also facilitates private, off-chain execution of smart contracts for swaps, staking, issuance, liquidity, and derivatives among others.