Singapore’s BridgePort Secures $3.2M Seed Round to Modernize Digital Asset Trading

Singapore-based startup BridgePort has secured $3.2 million in seed funding to expand its platform and strengthen its team. The company develops middleware that links trading firms, exchanges, and custodians, enabling off-exchange settlement—a model gaining traction among institutions seeking safer and more streamlined digital asset transactions.

BridgePort’s seed funding round was spearheaded by Further Ventures, with additional support from strategic backers such as Humla Ventures, Fun Fair Ventures, Blockchain Founders Fund, XBTO, and individuals affiliated with Virtu. The new capital will enable the company to address rising demand for more transparent and robust post-trade infrastructure in the digital asset space.

BridgePort plans to use the new funding to accelerate development of its middleware platform and expand its team, as demand grows among institutions for more efficient off-exchange settlement infrastructure.

The company offers a secure, neutral middleware solution that links exchanges, custodians, and trading firms. Its platform improves capital allocation and post-trade processes by removing the need for prefunding and reducing credit and settlement risks. It achieves this through real-time messaging and coordinated collateral management.

BridgePort’s system enhances capital efficiency and supports interoperability across the institutional digital asset space. This enables trading firms to operate more efficiently while managing risk and liquidity in a streamlined manner.

BridgePort CEO Nirup Ramalingam said the funding and platform launch represent a key milestone for the company. “We’re working to solve capital inefficiency and prefunding risks in crypto,” he said. “This investment helps us build the coordination layer institutions need for off-exchange settlement.”

Mohamed Hamdy, Managing Partner at Further Ventures, said BridgePort is tackling one of the key inefficiencies in digital asset trading—prefunding and fragmented credit across platforms. He noted that the team’s background in building low-latency systems for traditional finance gives them a strong edge in creating the coordination layer needed for scalable off-exchange settlement.

BridgePort’s platform is already running in production on AWS and supports real-time operations. It offers integration with trading systems using FIX protocol, REST APIs, and tailored connectivity options. The company is also working to onboard more exchanges and licensed custodians to expand its settlement network.

Future product updates will focus on enhancing collateral management features and expanding pre-trade credit capabilities, which are crucial for institutional adoption of crypto trading infrastructure.