PANews reported on March 8th that, according to Business Insider, OmniPact, a decentralized protocol that builds a trust layer for peer-to-peer transactions of physical and digital assets, has announced the completion of a $50 million private funding round. The investors are a consortium of institutional investors and family offices who requested anonymity. The protocol uses smart contracts as on-chain guarantees to solve the "trust problem" in peer-to-peer transactions. The new funding will support the development of its core contracts and multi-chain infrastructure, as well as related security audits, and will also drive the launch of its testnet in the first quarter of 2026.