According to BlockBeats, cross-chain interoperability protocol Owlto Finance has announced the completion of a new funding round, achieving a valuation of $150 million. The round saw participation from several institutions, including Matrixport.

This latest funding comes just two months after Owlto Finance secured $8 million in strategic financing, which was co-led by Bixin Ventures and CE Innovation Capital, with additional participation from Presto, Hailstone Labs, and Skyland Ventures.

Owlto Finance operates as a cross-chain bridge with full-chain interoperability, currently integrating over 45 networks within the BTC, ETH, and SOL ecosystems. The protocol consistently ranks among the top three in 24-hour trading volume on DefiLlama, occasionally securing the top spot. Furthermore, Owlto Finance boasts nearly 2 million unique user addresses across more than 200 countries and regions.