SatoshiVM Integrates Portal DeFi Enabling Trustless Swapping of Native BTC with Native Cross-Chain Assets.
SatoshiVM, a decentralized Bitcoin ZK Rollup Layer 2 solution compatible with the Ethereum Virtual Machine (EVM) ecosystem, announced today a new integration with Portal DeFi, the world’s first trust-minimized Layer 2 cross-chain swaps protocol that involves no bridges, custody or wrapping. The partnership will integrate the $SAVM token into the Portal DEX Network, making it one-click, cross-chain tradable with native BTC, BRC20s and native assets on Ethereum and other chains.
“I’m excited to see that we've entered into a strategic partnership with Portal Finance. They’ve got this super cool idea—'no bridges, custody, or wrapping'—that's got us really intrigued. It’s groundbreaking stuff, not just for BTC L2s, but for the cross-chain space too. Can't wait for Portal DEX to go live, and we're definitely open to exploring more ways we can team up with Portal down the line," said Mark Williams, CEO of SatoshiVM.
As the first DEX of its kind, Portal facilitates trust-minimized, cross-chain swaps that involve no bridges, custody, or wrapping. The integration of the Portal Swaps SDK will empower SatoshiVM users to buy and sell assets including the $SAVM token, SatoshiVM-based fungible assets, and SatoshiVM-bridged fungible assets directly in-app. This feature allows for the deposit and trade of a wide variety of assets with the speed, liquidity, and user experience of centralized exchanges (CEXs) while eliminating custody and bridge risk. By integrating the $SAVM token into the Portal DEX network, it becomes one-click cross-chain tradable with native BTC, fully trustlessly, something only made possible using Portal’s proprietary atomic swap technology.
“SatoshiVM users will be able to trade their holdings directly in-app and benefit from the speed, liquidity and variety of assets they are familiar with from centralized exchanges, without any form of custody,” said Chandra Duggirala, CEO and Co-Founder of Portal. “Our partnership represents our shared vision with SatoshiVM of increasing financial access for the masses and signifies an important step in the direction of a thriving DeFi ecosystem on Bitcoin.”
About Portal DeFi
Portal, conceived by a team of veteran Bitcoin and AI engineers, is dedicated to empowering financial self-sovereignty. The Portal Cross-Chain DEX Network is designed to match the speed, liquidity and user experience of centralized exchanges while eliminating the inherent custody risks of bridges and CEXs. Portal is backed by Coinbase Ventures, Arrington Capital, OKX Ventures, Gate.io and many other prominent investors. For more information, visit https://portaldefi.com, X (Twitter), Discord, Medium and Telegram
About SatoshiVM
SatoshiVM is a decentralized Bitcoin ZK Rollup Layer 2 solution compatible with the Ethereum Virtual Machine (EVM) ecosystem, using native BTC as gas. Empowered with the ability to connect both Bitcoin and EVM ecosystems, it seamlessly merges the value anchoring of BTC with the programmability of EVM, bringing infinite possibilities to the evolution of the new ecosystem. For more details, visit the https://www.satoshivm.io/ X (Twitter), Discord
