Portal and Ankr Announce Strategic Partnership to Boost DeFi Adoption

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portal is thrilled to announce a partnership with the Blockchain Infrastructure Platform Ankr.

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

Chandler Song, Ankr’s CEO (and co-founder of Bounce Token), personally invested in Portal. He is joined by his COO Ryan Fang, and Gaurav Budhrani, who was previously the head of Crypto Investment Banking at Goldman Sachs. This partnership and investment comes after Portal’s recent USD 8.5M raise from Coinbase Ventures. ArringtonXRP Capital, OKEx and others.

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

Portal’s Layer 2 & Layer 3 technology makes it easy to build censorship-resistant communications and media. It also allows for one-click execution cross-chain swaps using the Bitcoin blockchain. Portal allows for the private execution of smart contracts off-chain to facilitate asset issuance, swaps and staking, liquidity, derivatives and more. This is all done peer-to-peer without any third-party custody.

About Portal

Portal is a DeFi built on Bitcoin. Trade is made possible by anonymous, zero-knowledge swaps using the first cross-chain DEX that is trust-minimized. It eliminates the need to mint wrapped coins (e.g wBTC, or wETH), and it also avoids risky staking with intermediaries. Portal makes DeFi a service anyone can offer, keeping anonymity in open markets and transparent markets. It also has a security model that is as strong as Bitcoin mining.

Portal’s Layer 2 & Layer 3 technology allows for censorship-resistant communications and media, as well as one-click cross-chain Swaps.

Ankr

Ankr offers Web3 infrastructure to make it easy, affordable, and accessible to deploy blockchain nodes, APIs, decentralized stake infrastructure, and Layer 2 scaling solutions. This infrastructure is designed to lower barriers for developers, everyday citizens, and enterprises to participate in blockchain ecosystems.

Ankr provides node solutions for more than 40 chains, as well as an API service that is “1-click” for Ethereum, Binance Smart Chains, Polygon and Avalanche.

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