Five Bells, a new startup founded by former members of NYDIG and Two Sigma, has successfully closed a seed round led by Ego Death Capital. The company is working on developing a Delivery-versus-Payment (DvP) settlement layer for Bitcoin, aimed at reducing risks and costs associated with institutional Bitcoin transactions. This innovation aligns with the growing focus among venture capitalists on creating Bitcoin-native infrastructure, as institutions increasingly seek efficient on-chain settlement solutions amidst evolving regulatory frameworks.
Five Bells closes seed round led by Ego Death Capital for Bitcoin DvP settlement layer
