SAN FRANCISCO, CA - (NewMediaWire) - June 19, 2024 -  Anduro, a multi-sidechain platform on Bitcoin incubated by Marathon Digital Holdings, Inc.  (“MARA”), one of the world’s pre-eminent Bitcoin miners, and Portal to Bitcoin (“Portal”), a pioneering cross-chain DEX Network, today announced a strategic partnership aimed at enhancing cross-chain trading and advancing Bitcoin utility and adoption.

Anduro was founded to build sidechain infrastructure that extends Bitcoin’s programmability and innovative applications that accelerate Bitcoin’s adoption. The integration with Portal will allow users to swap Anduro sidechain assets with native BTC, Ordinals, Runes, and other blockchain assets like ETH and EVM Layer 2 assets. All of this will be done through Portal's atomic swaps DEX.

“Trustless, low-cost, cross-chain swaps are vital to Anduro’s success,” notes Jullian Duran, Anduro’s Product Lead, adding, “and we are excited to partner with Portal to connect Anduro’s sidechains to other communities of blockchain builders and users.”

The integration is underpinned by Portal's atomic swaps technology, which ensures secure and efficient transactions without the need for pseudo-custodial solutions like bridges and wrappers.  Custodial risk is growing more complex and becoming more pressing in web3, making it the singular challenge in the industry. 

Moreover, Portal's Liquidity Router will empower Anduro users to build dApps for mainstream adoption, by helping liquidity flow safely into the ecosystem. From payments to entertainment to real-world asset (“RWA”) tokens, Anduro assets can be pegged in and out permissionlessly, in turn creating an attractive opportunity to raise capital and bolster growth thanks to the security provided by Portal’s proprietary swaps technology.

In addition to the DEX integration, Anduro will incorporate Portal’s Swaps SDK into its broader architecture. This will enable the wide range of dApps and chains built on Anduro to access the functionality of Portal's Liquidity Router, and the users and chains that have integrated the SDK themselves, which is more than 50% of Bitcoin L2s to date.

“We are excited to integrate Anduro's native assets into the Portal DEX,” said Dr. Chandra Duggirala, CEO of Tides Network, contributing to the Portal to Bitcoin protocol. “This partnership not only increases interoperability and asset exchange within the Bitcoin ecosystem but also serves to attract investment from other chains, fueling growth and accelerating hyperbitcoinization.”

About Anduro

Anduro is a multi-sidechain platform on Bitcoin incubated by Marathon Digital Holdings, Inc.  It aims to enhance the Bitcoin ecosystem by providing scalable and resilient sidechain infrastructure alongside next-generation Bitcoin applications. For more information, visit https://www.anduro.io/ or read the Litepaper and Blogs.

About Portal to Bitcoin

Portal, conceived by a team of veteran Bitcoin and AI engineers, is dedicated to empowering financial self-sovereignty. Portal is the only custody-less interoperability protocol for Bitcoin. Portal enables fast, low cost atomic swaps between native Bitcoin assets like BTC, Ordinals, and Runes, to L2s and other L1s. With Portal’s technical breakthroughs, there is no bridging or wrapping. User funds are always safe. Portal is backed by Coinbase Ventures, OKX Ventures, Gate.io, Arrington Capital, and many other prominent investors. For more information, visit https://portaltobitcoin.com, X (Twitter), Discord, Medium and Telegram.

Jon Lindsay Phillips

704.942.1557

PortaltoBitcoin@phillcomm.global