BridgePort today announced it has raised $3.2 million in total funding to accelerate platform development and expand the team to meet increasing institutional demand for efficient off-exchange settlement market structure.

The seed round was led by Further Ventures and is also backed by industry leaders in Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures, and Humla Ventures.

BridgePort provides a secure, agnostic middleware to connect exchanges, custodians, and trading firms for streamlined capital allocation and post-trade processes. The platform helps eliminate the need for prefunding and addresses credit and settlement risk through real-time messaging and coordinated collateral management. BridgePort’s setup enhances capital efficiency for trading firms while also providing interoperability across the institutional crypto market.

Nirup Ramalingam, CEO of BridgePort, commented:

“This funding from Further Ventures and our production launch mark a major milestone in our mission to fix capital inefficiency and prefunding risks in crypto. We are grateful to our investors for believing in our vision to build the institutional coordination layer for the off-exchange settlement of crypto that will better connect the ecosystem.”

Mohamed Hamdy, Managing Partner, Further Ventures, said:

“BridgePort is addressing one of the most structurally limiting inefficiencies in digital asset markets – prefunding and credit fragmentation across venues. Their team’s expertise in building ultra-low latency systems for traditional finance uniquely positions them to engineer the institutional coordination layer required for scalable, off-exchange settlement. We see BridgePort’s infrastructure becoming foundational to the next phase of crypto market structure evolution.”

In addition to the seed round, BridgePort’s platform is now live in production on AWS and supports integration via REST APIs and FIX protocol as well as bespoke connectivity. It is actively onboarding exchanges and regulated custodians to extend its settlement network, with future updates focused on enhanced collateral management and deeper pre-trade credit capabilities.