Cypto financial infrastructure Cycles completes $6.4 million seed round led by Blockchange Ventures

Odaily reports that crypto financial infrastructure Cycles has announced the completion of a $6.4 million seed funding round, led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, Primitive Ventures, and others. The project's total funding has reached $8.7 million.

The project aims to build a private clearing network for the crypto market, leveraging zero-knowledge proofs and trusted execution environments to achieve multilateral net settlement, thereby improving capital efficiency, reducing counterparty risk, and minimizing liquidity占用. (TechFundingNews)