Crypto over-the-counter (OTC) settlement platform BridgePort completes $3.20 million seed round

Cryptocurrency over-the-counter (OTC) settlement platform BridgePort has completed a $3.20 million seed round 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 functions in subsequent updates. The company offers a middleware solution that connects exchanges, custodians, and trading firms. The solution is designed to optimize capital allocation and post-trade processes through real-time messaging and collateral management, while addressing issues such as pre-funding requirements, credit risk, and settlement inefficiencies. (Techinasia) [Odaily Planet Daily]