Cross-chain interoperability protocol Owlto Finance has raised new funds in a round backed by Matrixport, propelling its valuation to $150 million.

Owlto Finance, a cross-chain bridging service developed as Ethereum‘s layer-2 roll-up solution, has attracted fresh capital in a funding round backed by Matrixport, boosting its valuation to $150 million.

Launched in 2023, Owlto Finance boasts support for more than 45+ networks within the Bitcoin, Ethereum, and Solana ecosystems. Although the size of the funding wasn’t disclosed, it’s understood that the proceeds will help the startup expand its network support as well as advance a new interoperability protocol, which will leverage “artificial intelligence agent” to generate suggestions for cost-effective bridging paths, according to a press …