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Cycles, a crypto financial infrastructure company, has completed a $6.4 million seed round.
Cycles has raised $6.4 million in seed funding, bringing total funding to $8.7 million.
KEY POINTS
- Cycles is building a private clearing network using zero-knowledge proofs and trusted execution environments.
- Their clearing mechanism nets obligations across participants, reducing required liquidity and counterparty exposure.
- Major investors include Coinbase Ventures and Compound VC, signaling sustained interest in backend crypto infrastructure.
- Cycles' privacy-preserving approach addresses sensitive data concerns for institutions in crypto markets.
COMPANIES
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