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Cycles Secures $6.4M Seed Round for Private Crypto Settlement Network

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Cycles has secured a $6.4 million seed round led by Blockchange Ventures, with Coinbase Ventures, Compound VC, and Primitive Ventures also participating. The company has now raised a total of $8.7 million. Cycles is building a private settlement network for crypto markets, using zero-knowledge proofs and trusted execution environments to enable multi-party netting. The network upgrade aims to improve capital efficiency, reduce counterparty risk, and lower liquidity requirements. This crypto news underscores growing interest in infrastructure solutions for institutional-grade crypto trading.

Odaily Planet Daily report: Cryptocurrency financial infrastructure Cycles has announced the completion of a $6.4 million seed round led by Blockchange Ventures, with participation from multiple institutions including Coinbase Ventures, Compound VC, and Primitive Ventures, bringing the project’s total funding to $8.7 million.

The project aims to build a private clearing network for the crypto market, enabling multi-party net settlement through zero-knowledge proofs and trusted execution environments to improve capital efficiency, reduce counterparty risk, and minimize liquidity lock-up. (TechFundingNews)

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