Cross-chain interoperability protocol Owlto Finance has raised new funds in a round backed by Matrixport, propelling its valuation to $150 million.
Owlto Finance, developed as Ethereum’s layer-2 roll-up solution, attracted fresh capital to boost its valuation.
The service is enhancing its modular interoperability protocol and omnichain liquidity solution. This enables smart contracts to facilitate non-custodial cross-chain transactions without needing additional multi-chain liquidity deployments.
The protocol has achieved an AA rating from blockchain auditor CertiK. This recognition places it among the highest-rated projects in the cross-chain bridge category.
The recent funding follows Owlto Finance’s $8 million strategic funding round two months ago. This round was led by Bixin Ventures and CE Innovation Capital, with participation from Hailstone Labs, Presto, Skyland Ventures, GSR, Blocore, Kroma, and SNZ Capital.
