Portal, Backed by Coinbase and Other Prominent Investors, Announces Republic Equity Offering

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San Francisco, United States, 19th July, 2022, Chainwire

Portal, a cross-chain Layer-2 DEX network being built on Bitcoin, is delighted to announce its Reg D equity offering through Republic, a multi-asset investment platform that allows anyone to invest in vetted, private startups. The public sale began on Monday, July 18th.

Portal is extending the capabilities of Bitcoin to lay a more robust foundation for self-sovereign finance. The team truly believes that the participants make the project, and want to ensure that those who support delivery of a truly decentralized financial network, including collaborators, users, and Republic investors alike, enjoy the growth of the company as much as the founders do. By making ownership of Portal available to the public, it is extending the accessibility of its operations (and profits) to the wider masses.

According to Republic, their vetting process only approves 3% of startups to fundraise on the platform. The equity offering will allow the general public to invest in an ambitious project building DeFi on top of the Bitcoin blockchain. 

Portal CEO Eric Martindale said, "The signal remains strong in the storm — Bitcoin remains the most likely candidate upon which the future of financial infrastructure will be built.  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."

The Reg D equity offering via Republic’s platform comes as Portal prepares to launch its testnet in the coming weeks. It is building a