Announcing our Seed Round

Today, we're excited to officially announce our seed round, joined by some of the best fintech, tech, and capital markets investors in the world.

Bitcoin dominates the crypto market, trading tens of trillions of dollars per year. Yet, it's means of exchange have remained entirely custodial. Bitcoin was designed to empower financial sovereignty without relying or trusting intermediaries, but it has largely been boiled down to a line item on a closed ledger. Centralized exchanges currently custody millions of BTC — worth hundreds of billions of dollars — creating giant points of centralization, vulnerability, and trust in a system explicitly designed to eliminate them.

Flashnet resets the system to what it should be, by enabling the first permissionless, non-custodial, Bitcoin-native exchange.

Bringing Bitcoin trading on-chain will unlock massive efficiencies—eliminating counterparty risk, reducing costs, and enabling 24/7 permissionless access to native liquidity. The need to move BTC trading on-chain isn't just an improvement—it's a vital requirement to preserve Bitcoin's promise of true financial sovereignty.

At its core, Flashnet's design is based on first principles derived from lessons learned in 5+ years of DEX experiments. No bridges, no additional consensus, no reorg or sequencing problems. Flashnet can rival the performance of a CEX, while settling on the world’s most secure ledger. This is facilitated by Spark, a radical new Bitcoin-native scaling solution we helped build.

Flashnet enables anyone, anywhere to buy or sell BTC for native stablecoins and other assets. We’re proudly partnering with Brale to launch USDB—the first-ever stablecoin on Bitcoin—and with Privy to make the trading experience on Flashnet as simple as possible.

We’ll be revealing more about Flashnet in the coming weeks, and we can’t wait to share what we’ve been working on. Stay tuned…