Overview of Owlto Finance Funding Round:
Owlto Finance, a cross-chain interoperability protocol, has secured new funding in a round supported by Matrixport, raising its valuation to $150 million. The platform, developed as Ethereum’s layer-2 roll-up solution, has garnered fresh capital to expand its network support across various ecosystems like Bitcoin, Ethereum, and Solana.
Owlto Finance’s Network Expansion and Innovations:
Launched in 2023, Owlto Finance offers support for over 45 networks within major ecosystems. The funding will aid in enhancing the startup’s network support and developing a new interoperability protocol. This innovative protocol will utilize an “artificial intelligence agent” to suggest cost-effective bridging paths, as detailed in a press release on crypto.news.
Owlto Finance’s Technological Advancements and Accolades:
In addition to its funding rounds, Owlto Finance is working on a modular interoperability protocol and an omnichain liquidity solution. This advancement allows smart contracts to conduct non-custodial cross-chain transactions without the need to deploy multi-chain liquidity. The protocol has earned an impressive AA rating from CertiK, positioning it as one of the top projects in the cross-chain bridge category.
Continued Support and Growth for Owlto Finance:
Following its recent strategic funding round, Owlto Finance has received backing from various prominent investors. With a strong financial base and innovative solutions in development, the platform is poised for further growth and success in the evolving cryptocurrency landscape.
