Rift Secures $8 Million from Paradigm to Promote Native Bitcoin Transactions on Ethereum

COINOTAG News reports that on November 8, Rift, a peer-to-peer Bitcoin transaction protocol, disclosed an $8 million funding round led by Paradigm. The investment is earmarked to advance native Bitcoin transactions on Ethereum and other platforms, underscoring a push toward cross‑chain settlement.

With Paradigm backing, Rift aims to strengthen interoperability between Bitcoin rails and smart-contract ecosystems, focusing on secure liquidity, minimal trust, and scalable execution. The move could expand on-chain Bitcoin usage and DeFi composability.

Market observers will monitor development milestones, security audits, and integration progress across major platforms to assess credibility and adoption potential. The funding signals a pragmatic stance toward Bitcoin-native infrastructure within multi-chain markets.