TechFlow News, May 21: According to TechFundingNews, crypto financial infrastructure provider Cycles has announced the completion of a $6.4 million seed funding round, led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, and Primitive Ventures. With this round, Cycles’ total funding has reached $8.7 million.
The company aims to build a private clearing network for crypto markets and enhance capital efficiency through its “clearing network” mechanism. By leveraging zero-knowledge proofs and trusted execution environments (TEEs), it enables multilateral netting settlement—reducing counterparty risk and minimizing liquidity usage.
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