Cyclops Completes $8M Funding Round Led by Castle Island Ventures

Chainthink

Release Time: 03/04/2026 13:46:29

Summary

On March 4, 2026, Cyclops announced an $8 million project funding round led by Castle Island Ventures, with participation from F-Prime and Shift4 Payments. The stablecoin infrastructure project aims to build a layer-one solution to accelerate stablecoin adoption. CEO Alex Wilson stated that Cyclops aspires to become the leading platform for payment companies developing stablecoin products. The funding announcement underscores the increasing interest in stablecoin infrastructure development.

ChainThink reports that on March 4, according to Fortune, stablecoin infrastructure company Cyclops announced the completion of an $8 million funding round, with valuation undisclosed. Investors include Castle Island Ventures, F-Prime, and Shift4 Payments.

Cyclops is committed to building layer-one infrastructure to accelerate the adoption of stablecoins. Alex Wilson, Co-CEO of Cyclops, said: “Our vision and goal is to become the go-to platform that payment companies think of first when building various stablecoin solutions.”

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