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Pheasant Network

Category: AI in Fintech

An AI-powered optimistic interoperability protocol that enables seamless, cost-effective cross-chain bridging and swaps between Layer 1 and Layer 2 networks. Pheasant Network was founded in 2022. The company is led by Tomo Tagami. Based in Singapore, Singapore. Team size: 2-10. Total funding raised: $2.0M+. Latest round: Seed Round ($2.0M, Dec 2025). Key investors include ["Mint","90s","Ethereum Foundation (Grant)","Optimism Foundation (Grant)","Polygon Labs (Grant)"].

Founded
2022
Headquarters
Singapore, Singapore
Team size
2-10
Total funding
$2.0M+

Value proposition

Combines the high security and low cost of optimistic verification with AI agents that automate complex cross-chain routing and yield strategies.

Products and solutions

["Pheasant Bridge (Optimistic L2 Bridge)","Pheasant Swap","Pheasant BaaS (Bridge-as-a-Service SDK/Widget)","AIntent (AI-powered Intent Mechanism)","Pheasant Points System"]

Unique value

Pioneered the 'Optimistic Bridge' architecture inspired by rollups and is currently integrating 'AIntent' to merge AI agents with cross-chain intent execution.

Target customer

DeFi users, dApp developers (B2B), and Layer 2 ecosystems

Industries served

["Decentralized Finance (DeFi)","Blockchain Infrastructure","Artificial Intelligence (DeFAI)","Interoperability"]

Technology advantage

Achieves 99% cheaper gas fees compared to native bridges while maintaining trustless security via fraud proofs; AI integration provides a competitive edge in user experience automation.

How they differentiate

Combines optimistic verification (security) with AI agents (DeFAI) to automate complex cross-chain intents and yield optimization, unlike standard liquidity networks.

Main competitors

["Hop Protocol","Across Protocol","Connext"]

Key partnerships

["Ethereum Foundation (Grant Provider)","Optimism Foundation","Polygon Labs","Mint (Lead Investor)","Linea (Ecosystem Partner)"]

Notable customers

["Linea (Ecosystem Partner/DeFi Voyage)","Layer 2 Ecosystems (Base, Scroll, zkSync)"]

Major milestones

["Selected for Ethereum Foundation Grant","Surpassed $200M in total transaction volume","Raised $2M Seed Round led by Mint in Dec 2025","Launched 'DeFAI' strategic pivot to integrate AI agents"]

Growth metrics

Processed over $200M in cross-chain volume; Supports 30+ Layer 2 networks; 99% cheaper gas fees than native bridges.

Market positioning

AI-powered Interoperability Layer (DeFAI) for Layer 2s

Geographic focus

Global (Strong ties to Asia/Japan via investors Mint & 90s)

Patents and IP

No registered patents disclosed as of latest update

About Tomo Tagami

Founder & CEO at PG Labs; CEO at Techtec; Ethereum Foundation Grant Recipient; Serial Entrepreneur in Blockchain/EdTech.

Official website: