Cosmos co-founder’s new multilateral clearing startup Cycles raises $6.4 million

Cosmos co-founder's new multilateral clearing startup Cycles raises $6.4 million in a funding round led by Blockchange Ventures, with additional support from Coinbase Ventures and others, bringing Cycles' total funding to $8.7 million. This investment will further develop Cycles' clearing technology, potentially expanding its reach in the cryptocurrency derivatives market and enhancing institutional adoption.