Cryptocurrency OTC settlement platform BridgePort has completed a $3.2 million seed round financing, led by Further Ventures

ChainCatcher news, cryptocurrency OTC settlement platform BridgePort has completed a $3.2 million seed round financing, led by Further Ventures, with participation from Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures, and Humla Ventures.

BridgePort provides middleware solutions that connect trading platforms, custodians, and trading firms. It aims to simplify fund allocation and post-trade processes while addressing issues such as prepayment needs, credit risk, and low settlement efficiency through real-time messaging and collateral management.