Owlto Finance has secured new funding, backed by Matrixport, elevating its valuation to $150 million. The cross-chain interoperability protocol, launched in 2023 as Ethereum’s layer-2 roll-up solution, supports over 45 networks within Bitcoin, Ethereum, and Solana ecosystems.
While the funding amount remains undisclosed, proceeds will expand network support and advance a new interoperability protocol leveraging artificial intelligence to suggest cost-effective bridging paths. Owlto Finance is also developing a modular interoperability protocol and an omnichain liquidity solution, enabling smart contracts to facilitate non-custodial cross-chain transactions without their own multi-chain liquidity.
Achieving an AA rating from blockchain auditor CertiK, Owlto Finance is among the highest-rated projects in the cross-chain bridge category. This funding follows a recent $8 million round led by Bixin Ventures and CE Innovation Capital.
These developments position Owlto Finance for significant growth, enhancing cross-chain interoperability and setting new standards in blockchain technology.
