Owlto Finance

Owlto Finance is a decentralized, intent-centric cross-rollup bridge designed to enhance interoperability between Layer 2 (L2) networks. The protocol addresses the challenges of network fragmentation in the Web3 space by providing fast, secure, and low-cost asset transfers across more than 45 blockchains, including the Ethereum, Bitcoin, and Solana ecosystems. The platform was founded in 2023 by Leo Ced and launched its mainnet in June 2023. One source also mentions Krystal Zhang as the founder. Since its launch, Owlto has grown to serve nearly 2 million users across over 200 countries.

The company's core product is a bridge that allows users to transfer assets like ETH, USDC, USDT, and BNB between different L2 rollups without first returning to the Ethereum mainnet, a process that can complete in as little as 30 seconds. Owlto employs a hybrid solution, using liquidity pools for smaller transactions and integrating Circle's CCTP and Chainlink's CCIP for larger, more secure transfers. It is distinguished by its use of AI Agents to optimize the user experience, suggesting the most secure and cost-effective bridging paths and simplifying complex cross-chain operations. For developers, Owlto offers its SDK and API, and a "Bridge-as-a-Service" (OBaaS) solution, allowing other dApps to integrate its non-custodial cross-chain transaction capabilities directly.

Owlto Finance operates on a business model that generates revenue from bridge fees charged for each transfer, which are paid by the sender. The company has successfully raised $8 million in a seed funding round in May 2024, followed by another round in July 2024 that brought its valuation to $150 million. Key investors include Bixin Ventures, CE Innovation Capital, Matrixport, Skyland Ventures, and GSR.

Keywords: cross-rollup bridge, blockchain interoperability, Layer 2, asset transfer, decentralized finance, DeFi, AI Agent, cross-chain solution, Ethereum ecosystem, multi-chain liquidity, Bitcoin L2, Solana ecosystem, Bridge-as-a-Service, OBaaS, crypto bridge, omnichain, token swap, Web3 bridge, intent-centric protocol, cross-chain security