TeleSwap
Founded 2022 · 5 employees on LinkedIn · 1 known investors
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TeleSwap is a decentralized cross-chain bridge for swapping BTC, WBTC, USDC, USDT, ETH and other assets between Bitcoin, Ethereum, Solana, TON, and EVM chains like Arbitrum, Base, Polygon, Optimism and BNB Chain. It uses light-client technology to verify Bitcoin transactions on-chain and collateralized "Lockers" as trustless custodians, accessible through wallets and DeFi aggregators without accounts or KYC.
Also known as TeleportDAO
Founders & leadership
TeleSwap was founded in 2022 by Mahyar Daneshpajooh and Niusha Moshrefi.
Investors · 1
Company profile
researched Aug 2026TeleSwap is a decentralized bridge and swap protocol positioned as a "Bitcoin DeFi hub." It lets users move BTC, WBTC, USDC, USDT, ETH and other assets between Bitcoin and Ethereum, Solana, TON, Arbitrum, Base, Polygon, Optimism and BNB Smart Chain, and to swap into tokens native to those chains, including ERC-20s, Jettons and SPL tokens. The protocol supports 14 networks and requires no account creation or KYC; users interact directly from their own wallets.
The protocol verifies Bitcoin transactions on-chain using light-client technology rather than relying on oracles, third-party validators or a centralized committee. Transfers are backed by "Lockers," custodians that post collateral worth more than the BTC they hold — the site cites 150% backing — with slashing of that collateral and redistribution to users if a Locker misbehaves. An earlier project description also refers to "Teleporters" and an integrated AMM DEX enabling one-click swaps, including buying native BTC with stablecoins, and to support for Bitcoin Runes. The company states swaps settle in native BTC in under two minutes and that fees are lower than centralized exchange alternatives, and that its contracts were audited by Quantstamp.
Beyond the web app, TeleSwap ships developer tooling: a TypeScript SDK (@teleportdao/teleswap-sdk), a REST API, and an "agent friendly" command-line interface for wrapping, unwrapping and quoting. The CLI outputs JSON with a machine-readable command catalog and stable error categories, signs PSBTs locally so private keys never leave the user's machine, and defaults to dry-run/preview modes that build transactions without touching a hot key. TeleSwap also runs an educational content site, TeleSwap Academy, covering Bitcoin DeFi, cross-chain bridging, bridge security and related regulatory topics.
Business model
TeleSwap operates a permissionless bridge and swap protocol that charges bridge fees on cross-chain transfers, described by the company as a fraction of centralized exchange costs. Economic participants include Lockers, collateralized custodians that back transfers and are subject to slashing.
Bridge fees charged on cross-chain transfers and swaps.
Traction
The company's site reports cumulative protocol activity of $448.09M in total volume across 469.58K swaps and 14 supported networks, with a live feed of recent swaps between BTC and assets such as WBTC, USDT, USDC, WBNB and WETH.
▸Full profile — market position, technology, go-to-market
Market position
TeleSwap is categorized as an interoperability, Bitcoin ecosystem, infrastructure and multichain project, competing with other Bitcoin bridging and cross-chain swap mechanisms such as wrapped-token bridges, multi-sig committee bridges and atomic swap or liquidity-network designs.
The protocol emphasizes trust-minimized design — on-chain light-client verification of Bitcoin transactions instead of validator sets or oracles, and over-collateralized, slashable custodians — combined with native BTC settlement in under two minutes, low fees relative to centralized exchanges, and no account or KYC requirement.
Technology
A light-client bridge verifies Bitcoin transactions natively on-chain, removing dependence on third parties, oracles or centralized validators. Economic security comes from over-collateralized Lockers (stated at 150% backing) whose collateral is slashed and redistributed to users on malicious behavior. Prior descriptions also cite slashing mechanisms, Teleporters and an integrated AMM DEX. The stack is exposed through a TypeScript SDK, a REST API, and a JSON-first CLI that signs PSBTs locally with dry-run previews. Contracts are described as audited by Quantstamp.
Go-to-market
Distribution is through the company's own web app and CLI plus integration into third-party wallets and DeFi aggregators, including MetaMask, Trust Wallet, Rango and Rubic. TeleSwap also publishes developer documentation and an educational blog, TeleSwap Academy, covering Bitcoin DeFi and cross-chain topics.
Self-custody crypto users who want to move between Bitcoin and EVM, Solana and TON assets without accounts or KYC, plus developers and automated agents integrating bridging via the SDK, API or CLI.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 1
launches, deals, and filingsA public sale reported at $7,125,000 with a stated round valuation of $75,000,000, listed under the project's former name TeleportDAO.
$7.1M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- TeleSwapteleswap.xyz · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does TeleSwap do?
- TeleSwap is a trustless cross-chain Bitcoin bridge and swap protocol connecting BTC with EVM chains, Solana and TON.
- Who founded TeleSwap?
- TeleSwap was founded by Mahyar Daneshpajooh, Niusha Moshrefi in 2022.
- Who are TeleSwap's investors?
- TeleSwap's investors include AppWorks Ventures.