Swingby Labs was established in 2018 by a group of crypto enthusiasts with the goal of creating tools to connect Bitcoin with other blockchains. The company's bridge protocol, Skybridge, constructs trustless bridges between BTC, Ethereum, Binance Chain, and other blockchains. These bridges are secured by a network of nodes that facilitate fast token swaps using layer 2 'multi-party computing' technology. Skybridge enables users to transfer Bitcoin tokens between the Bitcoin, Ethereum, and Binance Chain blockchains without relying on a central custodian. This opens up various DeFi capabilities, including liquidity pooling and DEX trading with a user-friendly interface.

Swingby's testnet bridge has already processed over $14 Billion in testnet BTC capital between the Bitcoin and Binance Chain blockchains. The decentralized technology has been extensively tested in live high-volume environments. You can find the technical documentation for Skybridge here: https://skybridge-docs.swingby.network

In early 2021, Swingby plans to launch its Ethereum MainNet, which will bring Bitcoin to an ecosystem that already has $750MM in Bitcoin capital locked up in DeFi contracts. Through partnerships with projects such as Elrond, Waves, and Kira Protocol, Swingby aims to expand its reach to other chains and projects, providing support where it can add the most value.