Portal provides a non-custodial wallet infrastructure utilizing Threshold Signature Scheme (TSS) Multi-Party Computation (MPC) technology, enabling secure and rapid wallet access without traditional seed phrases. The platform simplifies the integration of embedded Web3 wallets across over 100 blockchain networks, facilitating user interactions with digital assets like NFTs and stablecoins while ensuring robust security and easy recovery options.
Funding
$9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional Web3 wallets often rely on seed phrases, creating security risks and usability challenges for mainstream users. Managing and securing these seed phrases can be cumbersome, hindering wider adoption of decentralized applications and digital assets.
Solution
Portal provides a non-custodial wallet infrastructure that leverages Threshold Signature Scheme (TSS) Multi-Party Computation (MPC) technology to eliminate the need for traditional seed phrases. This approach enables secure and rapid wallet access across 100+ blockchain networks, including Solana, Bitcoin, and Ethereum. Portal's solution simplifies the integration of embedded Web3 wallets into applications, allowing users to interact with digital assets like NFTs and stablecoins with enhanced security and easy recovery options such as Passkeys, Cloud Storage, and PIN/Password. The platform's architecture is built on the open-source Alice repository and CCGMP MPC protocol, ensuring that only the user's device with the signing share can initiate signing.
Target Audience
Portal targets Web3 developers, enterprises, and organizations seeking to integrate secure and user-friendly non-custodial wallets into their applications, including those in stablecoin finance and treasury operations.
Features
- Embedded Web3 wallets powered by TSS MPC, eliminating seed phrases
- Support for 100+ chains, including Solana, Bitcoin, ETH, and EVM-compatible chains
- Enclave MPC APIs for secure, sub-second signing on EVM and Solana smart contracts
- Account Abstraction feature for gas sponsorship and transaction batching
- Card issuing capabilities for Visa credit cards linked to non-custodial wallets
- Token swapping functionality with cross-chain support and price aggregation
- Built-in disaster recovery with Google Drive, iCloud, and Passkey backup options
- SOC II Type II compliance, security audits, and quarterly penetration tests