Cosmos co-founder’s new multilateral clearing startup Cycles raises $6.4 million
The Block·
60-second summary
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.
The round, led by Blockchange Ventures, with support from Coinbase Ventures, among others, brings Cycle's total funding to $8.7 million.