KaleidoSwap: the first DEX on Bitcoin Lightning receives a pre-seed investment

KaleidoSwap has announced that it has reached a significant milestone in its mission to revolutionize decentralized finance (DeFi) on Bitcoin. The startup has secured a pre-seed investment from Bitfinex Ventures and Fulgur Ventures, two of the most active and influential funds in the bitcoin innovation landscape. This funding represents a decisive step to accelerate the development of the first decentralized exchange (DEX) based on RGB and integrated with the Lightning Network.

Summary

• KaleidoSwap, a Shared Vision: Native DeFi on Bitcoin
  • The Technological Pillars of KaleidoSwap
• The Statements of the Protagonists
• KaleidoSwap: innovation and decentralization
• Strategic Partners: Bitfinex Ventures and Fulgur Ventures
  • Bitfinex Ventures
  • Fulgur Ventures
• A Future for DeFi on Bitcoin

KaleidoSwap, a Shared Vision: Native DeFi on Bitcoin

The news of the investment comes at a strategic moment. Just a few days ago, Tether announced the native launch of USD₮ on RGB, scheduled for August 28, 2025. This move fits perfectly into KaleidoSwap‘s vision: enabling the trading of native stablecoins on bitcoin, without compromising on security, privacy, and decentralization.

The Technological Pillars of KaleidoSwap

KaleidoSwap is based on three key elements:

1. Bitcoin: the most liquid digital asset in the world and the most secure settlement layer.
2. Lightning Network: the solution that ensures scalability, privacy, and decentralization for bitcoin transactions.
3. RGB: the protocol that allows the creation of smart contracts and the issuance of assets directly on Bitcoin, in a trustless manner.

By combining these pillars, KaleidoSwap aims to create the first truly native DEX on bitcoin, a decentralized liquidity hub where users can access trustless trading between BTC and USDT and new yield opportunities, without ever compromising the foundational values of bitcoin.

The Statements of the Protagonists

Walter Maffione, CTO of KaleidoSwap, summarizes the project’s mission as follows:

“Our goal is to create the go-to DEX for DeFi on bitcoin. With RGB on Lightning, we enable trustless and scalable trading of BTC against stablecoins, paving the way for a vibrant ecosystem of assets and financial applications.”

Investors also share the vision of KaleidoSwap. Paolo Ardoino, CTO of Bitfinex, emphasizes:

“We are pleased to be among the first investors in KaleidoSwap. We have long supported RGB and Lightning technologies and are committed to making bitcoin the most efficient transaction solution for everyone.”

Oleg Mikhalsky from Fulgur Ventures adds:

“KaleidoSwap’s vision is perfectly aligned with ours: building on bitcoin, leveraging Lightning for scalability, and RGB for smart contracts. We see enormous potential in a native bitcoin tech stack and are proud to support the team in their mission.”

KaleidoSwap: innovation and decentralization

KaleidoSwap aims to pioneer the first DEX natively built on bitcoin and Lightning Network. Thanks to the integration of RGB, an advanced protocol for smart contracts and asset issuance on bitcoin, the platform enables trustless trading between BTC and USDT and paves the way for a broader ecosystem of bitcoin-supported assets. The goal is clear: to become the preferred access point for native DeFi on bitcoin, focusing on scalability, privacy, and decentralization.

Strategic Partners: Bitfinex Ventures and Fulgur Ventures

Bitfinex Ventures

Bitfinex Ventures is the investment arm of Bitfinex, one of the longest-standing and most respected digital asset exchanges in the world. The fund supports projects that contribute to the development of the bitcoin and blockchain ecosystem, with a focus on infrastructure, scalability, and financial innovation. By investing in early-stage startups, Bitfinex Ventures promotes technologies that align with the mission of making bitcoin the most efficient global transaction solution.

Fulgur Ventures

Fulgur Ventures is a venture capital firm focused on bitcoin technologies and their applications. The fund is dedicated to accelerating the adoption of bitcoin as a financial infrastructure, supporting projects that aim to expand the possibilities offered by the bitcoin network.

A Future for DeFi on Bitcoin

The pre-seed investment in KaleidoSwap by Bitfinex Ventures and Fulgur Ventures marks a crucial moment for the evolution of DeFi on bitcoin. The integration of RGB and Lightning Network promises to bring to the market a decentralized, scalable, and truly trustless trading platform, capable of attracting liquidity and volume without sacrificing the security and decentralization principles inherent to bitcoin.

With the imminent launch of USD₮ on RGB and the support of strategic partners, KaleidoSwap is positioning itself as the go-to platform for those wishing to explore the potential of native DeFi on bitcoin, paving the way for a new generation of financial applications built on the world’s most secure and liquid blockchain.

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