Portal and Ankr Announce Strategic Partnership To Boost DeFi Adoption
November 2, 2021 – San Francisco, California
Portal a true cross-chain DEX that makes atomic swaps between Bitcoin and other digital assets fast, secure and private is thrilled to announce a strategic partnership with the blockchain infrastructure platform Ankr.
Both Portal and Ankr believe in connecting users, developers and enterprises to a self-sovereign and censorship-resistant trade and communication. Since they have both been paving the way for an open financial Internet of the future, it was only a matter of time before they joined hands.
Ankr’s CEO Chandler Song (and Bounce Token co-founder) personally invested in Portal. The teammates joining him are COO Ryan Fang and former head of crypto investment banking at Goldman Sachs Gaurav Budhrani.
The investment and partnership come on the heels of Portal’s recently announced $8.5 million raised from Coinbase Ventures, ArringtonXRP Capital, OKEx and others.
Ankr plans to run a facilitation node to provide ongoing liquidity for atomic swaps between ANKR and other assets on Portal’s DEX. Portal plans to make ANKR’s token available on Portal.
Portal’s layer two and layer three technology simplifies building censorship-resistant communications, media and one-click execution of cross-chain swaps on top of the Bitcoin blockchain. Portal facilitates the private, off-chain execution of ‘smart contracts’ for asset issuance, swaps, staking, liquidity, derivatives and more all peer-to-peer and without third-party custody or control.
Chandler Song, CEO of Ankr, said,
“Portal brings a highly differentiated and much-awaited capability of DeFi on top of the Bitcoin blockchain. Ankr is really excited to partner with the Portal team in furthering our combined mission to promote applications of web 3.0 technologies.”
Ankr’s platform combines node infrastructure, staking and DeFi to make developing new projects and monetizing crypto assets easy for participants. It provides one-click API solutions for developers to build web 3.0 products on more than a dozen blockchains and layer two protocols.
About Portal
Portal is DeFi built on Bitcoin. It makes trade unstoppable with anonymous zero-knowledge swaps via the first true cross-chain DEX that’s trust-minimized. It eliminates minting wrapped coins (i.e., wBTC, wETH) or risky staking with intermediaries. With Portal, DeFi becomes a service that anyone can provide, maintaining anonymity within open, transparent markets with a security model as robust as Bitcoin mining.
Portal’s layer two and layer three technology enables building censorship-resistant communications, media and one-click cross-chain swaps all on Bitcoin.
For further information, visit here.
About Ankr
Ankr provides web 3.0 infrastructure for the easy, accessible and affordable deployment of blockchain nodes, APIs, decentralized staking infrastructure and layer two scaling solutions designed to lower the entry barrier for everyday people, enterprises and developers to contribute to blockchain ecosystems.
Ankr offers node solutions for over 40 different chains and one-click API service for Ethereum, Binance Smart Chain, Polygon, Avalanche and more.
For further information, visit here.
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Author: ChainWire
