According to Foresight News, Owlto Finance, an intent-centric cross-chain interoperability protocol, announced the completion of a strategic round of financing of US$8 million, led by Bixin Ventures and CE Innovation Capital, with participation from multiple institutions. This round of financing will be mainly used to accelerate its AI intent cross-chain product upgrades, modular cross-chain interoperability protocol development, global operations and marketing, full-chain liquidity solution V2, capitalized market operations, etc.
Owlto Finance was initially launched as an ETH Layer2 cross-chain bridge. About half a year after its launch, it accounted for more than 75% of the third-party cross-chain volume in some ETH Layer2 networks, and recently expanded to the Bitcoin ecosystem. Currently, the platform has 1.6 million unique user addresses in more than 206 countries and regions.
