[Former NYDIG Executive Founded Five Bells Completes Seed Round Financing, Building a 'Native Bitcoin DvP Settlement Layer'] According to Forbes, Five Bells, co-founded by former NYDIG and Two Sigma executives, has completed its seed round financing, led by Ego Death Capital, with participation from Epoch VC, Timechain, and Fulgur Ventures. Five Bells is developing what it calls the 'first native Bitcoin DvP settlement layer,' aimed at addressing counterparty risks in large-scale institutional Bitcoin transactions. The solution allows both parties to pre-lock settlement terms on-chain, locking BTC in a mechanism similar to escrow, and automatically completing delivery after fiat wire transfers or stablecoin payments are confirmed, thereby eliminating operational friction and settlement costs. The solution is based on Taproot FROST contracts, leveraging the Bitcoin network as a neutral and shared trust anchor. The company plans to officially launch the service to clients after completing final testing and audits.