The Bitcoin (BTC) network is about to get more real-world use cases as two DeFi companies have partnered to bring tokenized equity to the world’s most valuable blockchain.
Portal, a cross-chain Layer-2 DEX built on Bitcoin, has partnered with blockchain-based asset marketplace HighCircleX to launch tokenized shares in pre-IPO companies on the Bitcoin blockchain.
DeFi on Bitcoin solves the problem of pre-IPO equity
This partnership will increase the utility of the Bitcoin blockchain by helping bring liquidity to illiquid assets, the companies explained.
Dr. Chandra Duggirala, Portal’s executive chairman, told CryptoSlate that the company has been working on bringing real-world use cases to Bitcoin and called the partnership with HighCircleX an essential milestone toward that goal.
Duggirala said:
“Eventually we will see tokenization of many more financial assets onto the Bitcoin blockchain. Although these assets are not bearer assets like Bitcoin, having both digital asset securi
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