Crypto OTC settlement platform BridgePort completes $3.2 million seed round

Odaily News The cryptocurrency over-the-counter settlement platform BridgePort has completed a $3.2 million seed round of financing, led by Further Ventures, with participation from Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures and Humla Ventures. The company plans to enhance its collateral and credit capabilities in subsequent updates. The company provides a middleware solution that connects exchanges, custodians and trading firms. The solution aims to optimize capital allocation and post-trading processes through real-time messaging and collateral management, while addressing issues such as pre-funding requirements, credit risk and settlement inefficiencies. (Techinasia)