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KaleidoSwap Secures Pre-Seed Funding from Bitfinex and Fulgur Ventures

According to KaleidoSwap, the pre-seed funding from Bitfinex Ventures and Fulgur Ventures will drive development of an RGB-based DEX on Bitcoin Lightning, aiming to expand Bitcoin-native DeFi infrastructure.

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Summary

KaleidoSwap officially announced it has secured pre-seed funding from Bitfinex Ventures and Fulgur Ventures. The funding will support the development of an RGB-based decentralized exchange (DEX) on the Bitcoin Lightning Network. The project aims to build a native Bitcoin DEX, enabling trustless BTC-USDT trading and strengthening Bitcoin’s role in decentralized finance. The announcement highlights KaleidoSwap’s position as a future liquidity hub for Bitcoin DeFi, leveraging Lightning’s scalability and RGB’s asset issuance capabilities.

Terms & Concepts
  • RGB Protocol: A smart contracts and asset issuance protocol built on Bitcoin, designed for scalability, privacy, and decentralized asset management.
  • Lightning Network: A layer-2 payment protocol for Bitcoin that enables faster and cheaper transactions through off-chain payment channels.
  • DEX (Decentralized Exchange): A cryptocurrency exchange operating without intermediaries, allowing users to trade assets directly on blockchain-based platforms.