BridgePort lands $3.2m for seed round

July 7, 2025

BridgePort, a digital asset company specialising in off-exchange settlement middleware, has raised fresh capital to expand its operations.

The company has secured $3.2m in seed funding in a round led by Further Ventures, with additional backing from Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures, and Humla Ventures.

BridgePort provides a secure, agnostic middleware platform that connects exchanges, custodians, and trading firms, helping institutions to improve capital allocation and post-trade processes. Its system removes the need for prefunding and reduces credit and settlement risk by using real-time messaging and coordinated collateral management. The setup aims to boost capital efficiency while ensuring interoperability across institutional digital asset markets.

The new funds will be used to accelerate platform development and expand BridgePort’s team.

The platform is now live in production on AWS and offers integration through REST APIs, FIX protocol, and bespoke connectivity.

BridgePort is actively onboarding exchanges and regulated custodians to expand its settlement network. Future updates will include enhanced collateral management features and deeper pre-trade credit capabilities.

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

Further Ventures managing partner Mohamed Hamdy 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 [digital asset] market structure evolution.”