Cross-chain interoperability protocol Owlto Finance completes $8 million strategic round of financing, led by Bixin Ventures and others

Owlto Finance, an intent-centric cross-chain interoperability protocol, announced the completion of a strategic round of financing of US$8 million. This round of financing was jointly led by Bixin Ventures and CE Innovation Capital, and followed by Presto, Hailstone Labs, Skyland Ventures, Blocore, SNZ Capital, BESTO, Kroma, Coinseeker.co, Stratified Capital, X21 Digital, Maxx Capital, Incubate Fund, GSR, ChainCatcher, etc. This round of financing is mainly used to accelerate the upgrade of AI intent cross-chain products, modular cross-chain interoperability protocol development, global operations and marketing, full-chain liquidity solution V2, capitalization market operations, etc. Bixin Ventures, the co-lead investor in this round, said: "Owlto is a very innovative team. They were the first to propose to make an intent-centric AI cross-chain product. In the past, we have witnessed Owlto's rapid growth and thriving community. I believe that in the near future, Owlto will unleash its huge potential, become a leading infrastructure project, and revolutionize the Web3 technology field. We are very happy to include Owlto in our portfolio and look forward to its success." It is reported that Owlto is a cross-chain bridge that started on ETH Layer2. It has grown into the top three cross-chain bridges in the Ethereum ecosystem in just about half a year after its launch. It occupies more than 75% of the third-party cross-chain volume in some ETH Layer2s, and has recently become the first cross-chain bridge in the Bitcoin ecosystem. Owlto already has 1.6 million independent user addresses in more than 206 countries and regions.