Crypto infrastructure startup Cycles has raised $6.4 million in seed funding to build a private clearing network aimed at reducing liquidity usage and counterparty risk across digital asset markets.
Summary
- Cycles closed a $6.4 million seed round led by Blockchange Ventures.
- Coinbase Ventures, Compound VC and Primitive Ventures joined the round.
- The company says its private clearing model can reduce liquidity needs through net settlement.
Cycles, a crypto financial infrastructure company focused on private market clearing, has completed a $6.4 million seed round led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, Primitive Ventures…
