Cross-chain interoperability protocol OWLTO FINANCE has completed an $8 million strategic round of financing, co-led by BIXIN VENTURES and CE INNOVATION CAPITAL, with participation from multiple institutions including PRESTO, HAILSTONE LABS, SKYLAND VENTURES, and others. The funding will be used to accelerate the upgrade of AI-intent cross-chain products, develop modular cross-chain interoperability protocols, globalize operations, and marketing efforts. BIXIN VENTURES believes OWLTO has tremendous potential and will become a leading infrastructure project in the WEB3 technology sector. OWLTO has become one of the top three cross-chain bridges in the Ethereum ecosystem and holds a leading position in the Bitcoin ecosystem, with over 1.6 million unique user addresses spanning 206 countries and regions.

Odaily Planet Daily News: Intent-centric cross-chain interoperability protocol Owlto Finance has announced the completion of an $8 million strategic round of financing. The round was co-led by Bixin Ventures and CE Innovation Capital, with participation from Presto, Hailstone Labs, Skyland Ventures, Blocore, SNZ Capital, BESTO, Kroma, Coinseeker.co, Stratified Capital, X21 Digital, Maxx Capital, Incubate Fund, GSR, ChainCatcher, and others.

The funding will primarily be used to accelerate AI intent cross-chain product upgrades, modular cross-chain interoperability protocol development, global operations and marketing, Liquidity Solution V2, and capital market operations.

Co-leading investor Bixin Ventures stated, "Owlto is an innovative team that first proposed to create AI-centric cross-chain products. We have witnessed Owlto's rapid growth and thriving community in the past. We believe that in the near future, Owlto will unleash its enormous potential, become a leading infrastructure project, and innovate in the Web3 technology space. We are pleased to include Owlto in our investment portfolio and look forward to its success."

Owlto, which started as a cross-chain bridge on ETH Layer2, has grown to be among the top three Ethereum ecosystem cross-chain bridges in just about six months after its launch, accounting for over 75% of third-party cross-chain volume in some ETH Layer2 solutions, and recently becoming the number one cross-chain bridge in the Bitcoin ecosystem. Owlto already has over 1.6 million unique addresses from more than 206 countries and regions.

OWLTO FINANCE has completed an $8 million strategic financing round, led by BIXIN VENTURES.