Forbes: Five Bells, founded by former NYDIG and Two Sigma team members, completes seed funding round.

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According to Forbes, Five Bells, founded by former NYDIG and Two Sigma team members, has completed its seed funding round, led by Ego Death Capital, with participation from Epoch VC, Timechain, Fulgur Ventures, and others. The company claims to be building a "native Bitcoin DvP (delivery versus payment) settlement layer," aiming to reduce counterparty risk, operational friction, and settlement costs in large-scale Bitcoin transactions by pre-locking settlement terms on the Bitcoin blockchain, locking BTC in a custodian-like mechanism, and automatically completing settlement after confirmation of fiat currency wire transfers or stablecoin payments.

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