BridgePort has raised $3.2 million in funding to enhance its platform and grow its team amid rising institutional demand for off-exchange settlement solutions. The seed round, led by Further Ventures, also received support from industry leaders such as Virtu, XBTO, Blockchain Founders Fund, FunFair Ventures, and Humla Ventures.
BridgePort’s secure middleware connects exchanges, custodians, and trading firms, streamlining capital allocation and post-trade processes. The platform eliminates the need for prefunding and reduces credit and settlement risks through real-time messaging and coordinated collateral management, thus improving capital efficiency and interoperability in the institutional crypto market.
Along with the seed round, BridgePort’s platform is now live in production on AWS and supports integration via REST APIs, FIX protocol, and bespoke connectivity. It is actively onboarding exchanges and regulated custodians to expand its settlement network, with future updates focusing on enhanced collateral management and deeper pre-trade credit capabilities.
KEY QUOTES:
“This funding from Further Ventures and our production launch mark a major milestone in our mission to fix capital inefficiency and prefunding risks in crypto. We are grateful to our investors for believing in our vision to build the institutional coordination layer for the off-exchange settlement of crypto that will better connect the ecosystem.”
Nirup Ramalingam, CEO of BridgePort
“BridgePort is addressing one of the most structurally limiting inefficiencies in digital asset markets – prefunding and credit fragmentation across venues. Their team’s expertise in building ultra-low latency systems for traditional finance uniquely positions them to engineer the institutional coordination layer required for scalable, off-exchange settlement. We see BridgePort’s infrastructure becoming foundational to the next phase of crypto market structure evolution.”
Mohamed Hamdy, Managing Partner, Further Ventures
