Portal, an open-source wallet with true Layer 2 DEX and cross-chain Layer 2 DEX, will be announcing its public equity sale via Republic.co. Republic.co is a multiasset platform that allows anybody to invest in private startups. The public sale is scheduled for mid-November.

Portal extends the bitcoin capabilities to provide a stronger foundation for sovereign finance. This team believes in the importance of participants to the project and wants everyone involved, whether they are users or collaborators, to benefit from the company’s success as much the founders.

Republic says that only 3 percent of the startups approved for fundraises on the platform are approved through their vetting process. A new equity offering will enable the public to fundraise in an ambitious DeFi project built on the Bitcoin blockchain.

Eric Martindale, CEO Portal, said:

“I’m tired of watching unsophisticated users be swindled into losing their money on insecure systems masquerading as decentralized wünderkind. By leveraging Bitcoin’s smart contract capabilities, Portal can deliver on the promise of truly decentralized finance. The world is about to recognize the power of self-sovereign money in a very big way, so we’ll be seeing unprecedented volumes of capital moving into Bitcoin. We seek to give all digital assets a market in which they can fairly trade, in a trust-minimized way, and backed by Bitcoin’s security and price discovery.”
Last month, Portal announced an $8.5 million round from prominent private investors including Coinbase (NASDAQ:) Ventures, ArringtonXRP Capital, OKEx, Republic.co, Shima Ventures, LD Capital, NGC Ventures, Gate.io, Monday Capital, GenBlock, Taureon, MarketAcross, Autonomy Capital, Krypital, B21 Capital as well as the senior executives and founders from , DFINITY, MobileCoin, (USDT), Galaxy Digital, Bitcoin.com, Republic, Centre.io, Polymath, Æternity, Hedera Hashgraph, Reef Finance, GlobeDX, FIO, Portion, and 4K.

Information about Participation

Participants from across the world including residents and citizens in the United States will have the opportunity to buy the shares. They’ll have the option to fund their purchases via fiat or in BTC, USDT, USDC or ETH.

The number of investor slots – which will be filled on a first-come, first-serve basis – is capped at 1,900. Portal anticipates that the public offering will sell out in the first day.

The Due Diligence Sign Up Form allows investors to get on the whitelist before the offer is made. However, registration for the whitelist doesn’t guarantee you a place.

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