Five Bells, a digital asset post-trade infrastructure company, announced that it has closed a seed financing round led by Ego Death Capital, with participation from Timechain, Epoch, and Fulgur Ventures. The funding will support the expansion of the company’s software platform designed to automate trade confirmation, clearing workflows, settlement coordination, and risk mitigation processes across digital asset spot and derivatives markets.
The announcement comes amid heightened volatility in digital asset markets, which has renewed attention on counterparty exposure and the resilience of operational processes. Post-trade workflows across the industry—including trade confirmation, reconciliation, clearing, and settlement—remain fragmented and often rely on manual processes, creating operational risks and settlement uncertainty for market participants.
Five Bells has developed a platform that replaces manual communication, spreadsheets, and reconciliation workflows with automated trade-matching and confirmation technology. The system generates a standardized and auditable record of bilateral transactions while organizing trade data to support downstream clearing and settlement between counterparties. The platform currently supports more than 200 digital assets across spot and derivatives markets.
In addition to its confirmation technology, the company has introduced a bitcoin-native escrow tool designed to facilitate structured settlements between counterparties. The system enables participants to use the Bitcoin blockchain in a role similar to an escrow agent or tri-party bank, allowing conditional settlement controls directly at the asset layer without introducing additional intermediaries.
The founding team includes professionals with previous experience at NYDIG and Two Sigma, bringing institutional expertise in digital assets and quantitative risk management. Five Bells said the new capital will be used to expand product capabilities and strengthen engagement with institutional market participants such as asset managers, OTC desks, and other financial counterparties operating in digital asset markets.
KEY QUOTE:
“Post-trade infrastructure has lagged the broader development of digital asset markets. Our focus is on automating confirmation and strengthening clearing and settlement processes to reduce operational and counterparty risk.”
Anthony Magliacca, Co-Founder Of Five Bells
