ChainCatcher reports that crypto financial infrastructure Cycles has announced the completion of a $6.4 million seed round led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, Primitive Ventures, and others. Following this round, the company’s total funding has reached $8.7 million. Cycles aims to build a private clearing network for crypto markets and enhance capital efficiency through its “clearing network” mechanism, enabling multi-party net settlement using zero-knowledge proofs and trusted execution environments to reduce counterparty risk and minimize liquidity lock-up.
Crypto Financial Infrastructure Cycles Closes $6.4M Seed Round
ChaincatcherShare
Summary
Cycles, a crypto financial infrastructure project, has closed a $6.4 million seed round led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, and Primitive Ventures. Total funding now stands at $8.7 million. The company is building a private clearing network to enhance capital efficiency in crypto markets. Its solution leverages zero-knowledge proofs and trusted execution environments to enable multi-party net settlement. The network upgrade aims to reduce counterparty risk and liquidity usage. This development brings fresh crypto news from the infrastructure layer.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.