Bitcoin DeFi Platform Announces Equity Offering

Cross-chain Bitcoin DeFi solution Portal announces equity offering to further build up Bitcoin DeFi options. 

Covered:

  • Portal Announces Equity Offering
  • How Portal Is Different From Other Bitcoin DeFi

Portal Announces Equity Offering

Layer 2 Bitcoin DEX Portal announced its Reg D equity offering overseen by Republic, an investment platform that vets private startups for retail investors. The public sale launched on July 18th, 2022. 

“As Bitcoin’s metrics continue to achieve all-time highs, Portal is eager to bring on this new round of investors in pursuit of advancing Bitcoin-based infrastructure and the continued decentralization of traditional financial services,” said Eric Martindale, CEO of Portal.

Portal is a fully decentralized platform run by its community that aims to bring self-sovereign finance to the masses. This latest step further gives the community even more control over the present and future of the protocol.

How Portal Is Different From Other Bitcoin DeFi

Portal’s decision to make ownership of the layer 2 Bitcoin platform differentiates it from other similar Bitcoin DeFi projects that only offer tokens in exchange for being a part of the community. An equity offering means investors get to share in profits and not just from the pumping of a token.

Their equity offering partner Republic is known for being picky when it comes to approving crypto startups, approving about 3% of them to become a part of their fundraising platform.

Thanks to their partnership with the compliant Portal, residents from around the world, including the US are eligible to participate. The number of investors will be limited to about 1,900.

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