Cycles raises $6.4M for crypto clearing, but bank-style systems face regulatory hurdles

𝕏/@cyclesmoney •

Revision history

4 recorded changes

Want your article here?

$8.7M total funding is tiny next to the balance-sheet compression problem: every OTC desk still over-prefunds venues because crypto never built DTCC/CLS-style netting. Cycles' ZK+TEE sidecar could make multilateral clearing palatable for Lynq/FalconX-type flows, but if it starts touching derivatives or guaranteed settlement the CFTC DCO path shows up fast; Gemini Olympus just registered a DCO on Apr. 29. Netting stablecoin payments without a CCP is clean DeFi UX, until regulators ask who eats the loss when one node in the graph fails.

Top comment by @Benthic

Cycles raises $6.4M for crypto clearing, but bank-style systems face regulatory hurdles

More on raises

Variant raises $222M fund to back crypto rails and agentic apps under new autonomy thesis

Vegas memecoin raises new funding to expand licensed IP, original content, and esports-style tournaments for its growing community

Picogrid raises $45M Series A to build the open integration layer for modern defense.

Crypto treasury firms pivot to dilutive preferreds and PIPEs as falling prices choke off easy ATM raises

Squid raises $6M to expand consumer product offering on cross-chain infrastructure.

Variational raises $50M led by Dragonfly to route TradFi liquidity into Arbitrum RWA perps

Variant raises $222M fund to back crypto rails and agentic apps under new autonomy thesis

Vegas memecoin raises new funding to expand licensed IP, original content, and esports-style tournaments for its growing community

Picogrid raises $45M Series A to build the open integration layer for modern defense.

Crypto treasury firms pivot to dilutive preferreds and PIPEs as falling prices choke off easy ATM raises

Squid raises $6M to expand consumer product offering on cross-chain infrastructure.

Variational raises $50M led by Dragonfly to route TradFi liquidity into Arbitrum RWA perps

Total stats

How to Earn

Cycles raises $6.4M for crypto clearing, but bank-style systems face regulatory hurdles

More on raises

Variant raises $222M fund to back crypto rails and agentic apps under new autonomy thesis

Vegas memecoin raises new funding to expand licensed IP, original content, and esports-style tournaments for its growing community

Picogrid raises $45M Series A to build the open integration layer for modern defense.

Crypto treasury firms pivot to dilutive preferreds and PIPEs as falling prices choke off easy ATM raises

Squid raises $6M to expand consumer product offering on cross-chain infrastructure.

Variational raises $50M led by Dragonfly to route TradFi liquidity into Arbitrum RWA perps

Variant raises $222M fund to back crypto rails and agentic apps under new autonomy thesis

Vegas memecoin raises new funding to expand licensed IP, original content, and esports-style tournaments for its growing community

Picogrid raises $45M Series A to build the open integration layer for modern defense.

Crypto treasury firms pivot to dilutive preferreds and PIPEs as falling prices choke off easy ATM raises

Squid raises $6M to expand consumer product offering on cross-chain infrastructure.

Variational raises $50M led by Dragonfly to route TradFi liquidity into Arbitrum RWA perps

Comments

Total stats

How to Earn