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July 8, 2025 – BridgePort, an innovative middleware infrastructure provider for institutional crypto, today announced it has successfully closed a $3.2 million seed funding round. This significant investment underscores growing confidence in BridgePort’s mission to enhance capital efficiency and mitigate credit and settlement risks within the rapidly evolving digital asset markets.
The funding round was led by Further Ventures, with strong participation from a distinguished group of industry leaders including Virtu Financial, XBTO Group, Blockchain Founders Fund, FunFair Ventures, and Humla Ventures. This diverse backing from prominent financial and blockchain-focused investors highlights the critical need for BridgePort’s solution in the institutional digital asset ecosystem.
BridgePort’s core offering is a secure, agnostic middleware platform that seamlessly connects exchanges, custodians, and trading firms. This unique infrastructure is designed to streamline capital allocation and optimize post-trade processes, directly addressing the prevalent challenges of pre-funding requirements and fragmented settlement systems in institutional crypto trading.
"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," commented Nirup R., CEO of BridgePort. "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."
BridgePort’s platform is now live in production and actively onboarding exchanges and custodians, rapidly expanding its network. The middleware acts as a secure link for trading and settlement, enabling institutional clients to execute optimally by allocating assets and settling through their desired custody. Key benefits and features of BridgePort include:
- Elimination of Pre-funding: Traders can operate across various exchanges without the need to pre-fund accounts, freeing up capital.
- Efficient Allocation: Instantaneous allocation of credit and assets across different venues.
- Secure Settlement: Facilitates secure, real-time asset movements and multi-lateral settlement processes.
- Plug-And-Play Connectivity: Simple integration for custodians and exchanges, fostering greater liquidity and operational flexibility.
- Agnostic Infrastructure: BridgePort is neutral, connecting a wide network of exchanges, custodians, and wallet providers, unlike proprietary "walled gardens."
- Unconflicted Offering: Focuses solely on the middleware technology layer, avoiding conflicts of interest inherent in custody or execution services.
- Bespoke Connectivity: Offers tailored integration that aligns with a stakeholder’s unique API and trading systems, reducing friction and implementation costs.
- Interoperability: Enables trading firms to operate across various execution venues, OTC counterparties, and DeFi applications, optimizing liquidity access.
- Robust Security: Committed to industry best practices with annual third-party security assessments, penetration testing, and certifications like SOC 2 and ISO 270001.
- High Performance: Built on AWS scalable infrastructure for low latency and high-throughput operations.
BridgePort is not a custodian; it functions purely as a messaging and settlement technology layer, integrating with existing custodians and exchanges to support inventory management, settlement, and real-time monitoring without ever touching or having access to assets. This approach significantly reduces credit and counterparty risks, cuts down integration time and costs, and ultimately boosts efficiency and security for market makers, hedge funds, and asset managers.
This funding will accelerate BridgePort’s efforts to scale its team, enhance platform capabilities, and broaden its network of integrated partners, further solidifying its position as the essential coordination layer for off-exchange settlement in institutional crypto.
About BridgePort
BridgePort is a leading middleware infrastructure provider for institutional crypto trading. By connecting exchanges, custodians, and trading firms through its secure, agnostic platform, BridgePort enables efficient capital allocation, eliminates pre-funding requirements, and addresses settlement risks in digital asset markets. BridgePort is dedicated to building the foundational layer for a more secure, efficient, and interconnected institutional crypto ecosystem. Learn more at www.bridgeportmq.com.
About Further Ventures
Further Ventures is a venture capital firm that invests in innovative technologies and companies poised to disrupt traditional industries and drive future growth.
Compiled by CMO Intern team
