Hong Kong, May 29, 2025 – DNA Fund has pledged $5,000,000 to further the development of PACT SWAP, the fourth cross-chain decentralized exchange to support native Bitcoin in a live environment. This commitment includes a $500,000 direct investment from its Helix Fund to accelerate the project’s advancement.

PACT SWAP Labs has been established as a major contributor to the DEX and welcomes prominent figures in the blockchain space, Brock Pierce, Scott Walker, and Toby Gilbert, as co-founders, who will be joining the protocol’s original founding team.

PACT SWAP is a next-generation cross-chain DEX that facilitates the trading of native Bitcoin, TRON, and other assets across different chains without the need for bridges, wrapped tokens, or external validators. Built on Coinweb’s unique PACT framework for interoperability without consensus, it provides rapid, secure, and cost-effective swaps with inherent composability and scalability, at a significantly lower cost than its competitors.

The $5,000,000 commitment from DNA Fund signifies a significant achievement in PACT SWAP’s progression. DNA Fund, known for supporting early-stage Web3 innovators, including Mastercoin, Hedera, and EOS, will assist PACT SWAP Labs with ecosystem growth, strategic alliances, and a global market launch.

In addition to funding, DNA Fund offers substantial operational support and a history of successfully scaling disruptive technologies. The new co-founders of PACT SWAP Labs bring a wealth of experience to the project:

  • Brock Pierce — A founding member of Tether, Block.one, Blockchain Capital, and more.
  • Scott Walker — A co-founder of DNA Fund and Casper Labs, with investments in over 50 projects, including HBAR, FRAX, Coinbase, and numerous other unicorns.
  • Toby Gilbert — A co-founder of OnRamp and Coinweb.

Collectively, their extensive experience across crypto, venture capital, and infrastructure significantly bolsters PACT SWAP’s capacity to encourage adoption and revolutionize cross-chain digital asset trading.

“PACT SWAP marks a significant advancement in decentralized trading. We are pleased to support the project in realizing this vision and are excited to have Brock, Scott, and Toby join the founding leadership,” stated Chris Miglino, CEO of DNA Fund.

Stephen Morris, CEO of PACT SWAP Labs, added: “Most cross-chain DEXs still depend on outdated models like bridges and validators. PACT SWAP introduces a fundamentally new approach—scalable, cost-efficient, composable, and secure by design. Moving into live production and partnering with DNA is a major step toward redefining how digital assets are traded.”

The live production rollout includes swap functionality for BTC, TRX, BNB, ETH, and USDT (TRC20, BEP20, ERC20) with a $20,000 trading cap, and integrations with key ecosystem partners are already underway. A full public launch is anticipated in the coming months.

About PACT SWAP
PACT SWAP is an innovative cross-chain DEX that enables the seamless trading of native assets like Bitcoin and Tron across incompatible chains without the use of bridges, wrapped tokens, or external validators. Built on Coinweb’s modular execution layer, PACT SWAP offers fees up to 95% lower than existing cross-chain protocols and supports permissionless token listings, high composability, and near-instant finality. Designed for both retail and institutional users, it redefines cost-efficiency and security in decentralized trading.

Contact Details:

Anton Roos
marketing@pactswaplabs.io

About DNA Fund
DNA Fund is a pioneering venture capital firm in the Web3 space, led by early crypto pioneers Brock Pierce and Scott Walker, with a history of backing transformative Web3 projects. Offering extensive experience in infrastructure, real-world asset tokenization, and early-stage investing, DNA Fund provides founders with operational support, strategic relationships, and global visibility in addition to capital.

Disclaimer: The information provided in this press release does not constitute a solicitation for investment, nor is it intended as investment, financial, or trading advice. It is strongly recommended that you exercise due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrency and securities.

CONTACT: Chris Miglino
investors (at) dna.fund

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