Pheasant Network secures strategic funding from Skynet Trading
What's the deal? Pheasant Network, a cross-chain infrastructure project backed by Tokyo-based PG LabsDealroom has a profile for this one. Try Dealroom →, has closed a strategic funding round with Hong Kong-based Skynet TradingDealroom has a profile for this one. Try Dealroom →. The deal is designed to accelerate Pheasant Network's growth across product development, partnerships, liquidity management, and community building. No specific funding amount was disclosed.
PG Labs, the company behind Pheasant Network, is led by chief executive officer Tomohiro Tagami and based in Shibuya, Tokyo, with capitalisation of 150 million yen (including capital reserves).
Why now? Pheasant Network is building AI-driven, cross-chain infrastructure aimed at simplifying complex on-chain transactions for users operating across multiple blockchain networks. As multi-chain activity accelerates, the project is positioning itself for a broader expansion phase — including potential token listing and market entry.
Skynet Trading specialises in supporting Web3 projects at exactly this stage, offering expertise in tokenomics design, listing strategies, and liquidity management. The timing suggests Pheasant Network is approaching key milestones that require both capital and operational know-how.
What could go wrong? The absence of a disclosed funding figure raises questions about the round's scale and whether it provides enough runway for the ambitious plans outlined. Cross-chain infrastructure is also a crowded space, with established competitors already vying for users and developers.
Skynet Trading's focus on pre-launch projects means this partnership is a bet on future execution. If product development or token launch timelines slip, the strategic value of the deal could diminish quickly.
The signal: This deal reflects a broader trend in Web3: projects increasingly seeking strategic partners over pure financial backers. Rather than a traditional venture round, Pheasant Network chose a partner that brings market-making and liquidity expertise — capabilities that matter more than raw capital for projects nearing token launch.
It also underscores continued momentum in cross-chain infrastructure development, as the industry moves toward making multi-chain interactions seamless for everyday users. The AI angle — using intent-driven design to simplify transactions — mirrors a wider push across crypto to lower barriers to entry through smarter tooling.
Read more: third-news.com
