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Portal, a decentralized cross-chain layer 2 exchange network built on Bitcoin, is excited to announce its Reg D stock offering through Republic, a multi-asset investment platform that allows anyone to invest in approved private startups. The public sale started on Monday, July 18.
Portal builds DeFi on Bitcoin
Portal expands Bitcoin’s capabilities to lay a stronger foundation for self-sovereign finance. The team truly believes that the participants make the project and want to ensure that those who support the delivery of a truly decentralized financial network, including Republic collaborators, users and investors, benefit from the growth of the company as much as the founders. By making the property of Portal available to the public, it extends the accessibility of its operations (and profits) to as many people as possible.
According to Republic, their verification process only allows 3% of startups to raise funds on the platform. The stock offering will allow the general public to invest in an ambitious project to build DeFi on top of the Bitcoin blockchain.
Portal CEO Eric Martindale said:
“The signal remains strong in the storm – Bitcoin remains the most likely candidate on which the future of financial infrastructure will be built. As Bitcoin metrics continue to reach all-time highs, Portal is eager to attract this new group of investors with the goal of advancing Bitcoin-based infrastructure and the continued decentralization of traditional financial services.
Reg D’s stock offering through Republic’s platform comes as Portal prepares to launch its testnet in the coming weeks. It builds a full-fledged, censorship-resistant DeFi ecosystem on top of the Bitcoin network.
Although Bitcoin is often considered digital currency, Gate uses the Bitcoin network as a rail to create many layers of censorship-resistant financial applications. Every geopolitical event of the past year has reinforced the need for a censorship-resistant global financial system.
The peer-to-peer atomic exchanges that underpin Portal offer true decentralization, allowing users to trade native Layer 1 assets across different blockchains without delays, locked funds, or exploits.
Portal’s Layer 2 and Layer 3 technology not only extends Bitcoin’s cross-chain functionality, but also simplifies the creation of censorship-resistant communications, media, and one-click execution of cross-chain exchanges at the above the Bitcoin blockchain. It facilitates off-chain private execution of “smart contracts” for asset issuance, swaps, staking, liquidity, derivatives, and more, all peer-to-peer, without third-party custody or control.
Investors worldwide, including residents and citizens of the United States, will be able to participate in the sale. They will have the option of financing their purchases via fiat or in BTC, USDT, USDC or ETH.
The number of investors is limited to around 1,900. Portal expects the Reg D offering to sell out very quickly.
Portal is DeFi built on Bitcoin. It makes trading unstoppable with anonymous zero-knowledge trading via the first true cross-chain DEX with minimized trust. It eliminates the need to mint wrapped coins (i.e. wBTC, wETH) or risky staking with middlemen. With Portal, DeFi becomes a service that anyone can provide, preserving anonymity within open and transparent markets with a security model as robust as Bitcoin mining.
Portal’s Layer 2 and Layer 3 technology enables one-click censorship-resistant communications, media, and cross-chain exchanges, all on Bitcoin.