Portal Gate

Portal Gate is a Singapore-based company founded in late 2022 that develops decentralized and non-custodial privacy solutions for the DeFi market. The company's mission is to build compliant, private infrastructure to facilitate more efficient on-chain trading for institutional clients. A key figure associated with the company is Founding Contributor Jemma Xu.

The firm's core business revolves around leveraging zero-knowledge technology to allow users to transact, trade, and transfer assets on-chain while maintaining privacy and adhering to regulatory compliance. Its services are aimed at institutional on-chain participants who face challenges such as front-running by MEV bots and alpha leakage in transparent 'lit' pools. Portal Gate addresses this by creating privacy pools that obscure the on-chain links between wallets and developing a decentralized dark pool as its core product. This dark pool enables users to execute large on-chain transactions with hidden prices and order sizes.

The company utilizes zero-knowledge based compliance oracles for both off-chain and on-chain permissioning, including ZK-KYC (Know Your Customer) and ZK-KYB (Know Your Business) for anonymous identity verification. In June 2023, Portal Gate successfully closed a $1.1 million seed funding round. The round was led by Apollo Crypto with participation from other Web3 investors, including UpsideDAO, Greythorn Asset Management, and Comma3 Ventures. The funds are allocated to scaling the core team, launching the privacy pools on mainnet, and accelerating the development of the decentralized dark pool.

Keywords: decentralized finance, DeFi infrastructure, privacy solutions, zero-knowledge technology, on-chain trading, dark pool, institutional trading, crypto privacy, ZK-KYC, wallet anonymization, blockchain privacy, seed funding, Apollo Crypto, compliant DeFi, non-custodial, asset management, transaction privacy, MEV protection, financial privacy, Web3 infrastructure