Portal, an authentic cross-chain DEX, makes fast and private atomic swaps among digital assets. Ankr is delighted to announce their strategic partnership.

Both Portal and Ankr believe in connecting users, developers, and enterprises to a self-sovereign and censorship-resistant trade & communication. It was inevitable that they would join forces as they both have been leading the way to an open financial Internet for the future.

Ankr’s CEO Chandler Song (and Bounce Token co-founder) personally invested in Portal. He is joined by his co-o Ryan Fang, and Gaurav Budhrani (NYSE:), who was previously the head of Crypto Investment Banking for Goldman Sachs. The investment and partnership comes on the heels of Portal’s recently announced $8.5M raise from Coinbase (NASDAQ:) Ventures, ArringtonXRP Capital, OKEx, others.

Ankr will run a facilitation network to ensure that there is ongoing liquidity to facilitate atomic swaps between ANKR assets and those on Portal DEX. Portal plans to make ANKR’s token available on Portal.

Portal’s Layer 2 and Layer 3 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, without third-party custody or control.

Song was CEO

Portal provides a unique and highly anticipated capability for DeFi, on top of Bitcoin’s blockchain. Ankr is excited to work with Portal to further our shared mission of promoting Web 3.0 technology applications.
Ankr’s platform combines node infrastructure, staking, and DeFi to make developing new projects and monetizing crypto assets easy for participants. This API solution allows developers to create Web3 products with just one click on more than twelve blockchains and Layer 2 protocol protocols.

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