Pact Swap Lab Raises $5M from DNA Fund

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Here’s the information extracted from the provided text:

Startup Details

  • Startup Name: Pact Swapt Lab
  • Website: pactswap.io
  • Description: A remote provider of a cross-chain decentralized exchange (DEX) enabling the trading of native assets across incompatible chains without bridges or wrapped tokens.

Funding Details

  • Amount Raised: $5 million
  • Funding Round: Not specified in the text (could be considered a Seed or Series A round based on the amount, but this is not explicitly stated)
  • Lead Investor: DNA Fund

Founders

  • CEO: Stephen Morris
  • Co-founders:
    • Brock Pierce
    • Scott Walker
    • Toby Gilbert

Additional Information

  • Funding Date: February 6, 2025
  • Use of Funds: Ecosystem development, strategic partnerships, global go-to-market rollout.
  • Features: Enables trading of BTC, TRX, BNB, ETH, and USDT with a focus on lower fees, permissionless token listings, and high composability.

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2025-06-02 10:53:44