DNA Fund has dedicated $5,000,000 to speed up the event of the fourth-ever cross-chain decentralized change supporting native Bitcoin in reside manufacturing. This features a direct funding of $500,000 from its Helix Fund to turbocharge progress.
PACT SWAP Labs has been established as a core contributor behind the DEX, PACT SWAP, and welcomes blockchain heavyweights Brock Pierce, Scott Walker, and Toby Gilbert as co-founders, becoming a member of the unique founding group of the protocol.
PACT SWAP is a next-generation cross-chain DEX that allows buying and selling of native Bitcoin, TRON, and different belongings throughout incompatible chains – with out bridges, wrapped tokens, or exterior validators. Constructed on Coinweb’s distinctive PACT framework for consensusless interoperability, it delivers quick, safe, and cost-efficient swaps with composability and scalability at its core – at a fraction of the price of its rivals.
The $5,000,000 dedication from DNA Fund marks a giant milestone in PACT SWAP’s progress. Recognized for backing early-stage Web3 leaders – together with Mastercoin, Hedera, and EOS – DNA Fund will help PACT SWAP Labs with ecosystem growth, strategic partnerships, and a worldwide go-to-market rollout.
Past capital, DNA brings deep operational help and a confirmed observe file in scaling disruptive applied sciences. The brand new co-founders of PACT SWAP Labs convey intensive expertise to the challenge:
Brock Pierce — Unique co-founder of Tether, Block.one, Blockchain Capital, and extra.
Scott Walker — Co-founder of DNA Fund, Casper Labs and has invested into over 50 tasks together with HBAR, FRAX, Coinbase and lots of different unicorns.
Toby Gilbert — Co-founder of OnRamp and Coinweb.
Collectively, their mixed a long time of impression throughout crypto, enterprise, and infrastructure considerably strengthen PACT SWAP’s potential to drive adoption and reshape cross-chain digital asset buying and selling.
“PACT SWAP represents a leap ahead for decentralized buying and selling. We’re proud to again the challenge as they create this imaginative and prescient to life, and thrilled to have Brock, Scott, and Toby be part of the founding masthead.” mentioned Chris Miglino, CEO at DNA Fund.
Stephen Morris, CEO of PACT SWAP Labs, added: “Most cross-chain DEXs nonetheless depend on outdated fashions like bridges and validators. PACT SWAP introduces a essentially new strategy—scalable, cost-efficient, composable, and safe by design. Shifting into reside manufacturing and partnering with DNA is a serious step towards redefining how digital belongings are traded.”
The reside manufacturing rollout consists of swap performance for BTC, TRX, BNB, ETH, and USDT (TRC20, BEP20, ERC20) with a $20,000 buying and selling cap, alongside integrations with key ecosystem companions already in progress. A full public launch is predicted within the coming months.
About PACT SWAP
PACT SWAP is a next-generation cross-chain DEX enabling seamless buying and selling of native belongings like Bitcoin and Tron throughout incompatible chains—with out bridges, wrapped tokens, or exterior validators. Constructed on Coinweb’s modular execution layer, PACT SWAP delivers as much as 95% decrease charges than current cross-chain protocols and helps permissionless token listings, excessive composability, and near-instant finality. Designed for each retail and institutional customers, it redefines cost-efficiency and safety in decentralized buying and selling.
Contact Particulars:
Anton Roos
[email protected]
About DNA Fund
DNA Fund is among the authentic enterprise capital companies within the Web3 area, led by early crypto pioneers Brock Pierce and Scott Walker, with a observe file of backing transformative Web3 tasks. With deep expertise in infrastructure, real-world asset tokenization, and early-stage investing, DNA Fund helps founders with extra than simply capital—bringing operational help, strategic relationships, and international visibility.
Disclaimer: The knowledge offered on this press launch isn’t a solicitation for funding, neither is it supposed as funding recommendation, monetary recommendation, or buying and selling recommendation. It’s strongly really useful you follow due diligence, together with session with an expert monetary advisor, earlier than investing in or buying and selling cryptocurrency and securities.
