Flash Protocol Integrates Portal Swap SDK to Make Native Bitcoin Assets Accessible Across Blockchain Networks

Portal
2 min readMar 1, 2024

Today, Flash Protocol, known for its innovative approach to minting, trading and earning Bitcoin native assets, announced a new integration of Portal Swaps SDK to introduce simplified, cross-chain trading of native Bitcoin assets. This integration enhances how users interact with Bitcoin-based assets, enabling seamless one-click, cross-chain trading without the need for complex bridges or custodial services.

Based on a shared vision of making decentralized finance more accessible and user-friendly, the Portal-Flash Protocol integration comes at a time when Bitcoin-based digital assets are gaining popularity, thanks to the advent of the Ordinals protocol and the BRC-20 token standard, which paved the way for issuing and transferring assets on the Bitcoin Network.

With the Portal integration, Flash Protocol users can also now issue and manage Taproot assets, including fungible tokens and NFTs, directly on the Bitcoin Network. $FLASH, the native token of Flash Protocol, along with other supported Bitcoin-based assets, will also now be trustlessly swappable on the Portal DEX Network, with ETH L1 and L2 assets and soon more assets on other Layer 1 blockchains.

The Flash ecosystem also includes BTC Angel Hub, a launchpad supporting Taproot ecosystem projects, and a dedicated marketplace for asset liquidity. With Portal Swaps SDK integration, BTC Angel Hub and the Flash Protocol Marketplace will incorporate the ability for users to buy and sell $FLASH tokens, native Bitcoin fungible tokens, NFTs and tokens from the Flash launchpad with ease across various chains. This functionality will extend across all Bitcoin L2s, wallets and other DeFi protocols, offering a consistent, simplified trading experience across the Bitcoin ecosystem.

This integration is set to further the landscape of Bitcoin-based DeFi, providing a more intuitive, secure and integrated platform for users to engage with native Bitcoin assets across multiple blockchains but without the specter of custodial risk that has been a big problem in cross chain transactions.

Read the full press release here.

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