Crypto settlement startup Glacis Labs has raised $6.8 million in a seed round led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN, Protein Capital, and Techni Ventures. The financing used an equity-plus-token-warrant structure. The company said the capital will be used primarily to expand its core product, the ZeroDelta platform, and to grow its engineering, compliance, and go-to-market teams. Glacis Labs describes ZeroDelta as a multichain settlement platform that supports matching, net settlement, and final settlement for digital assets across blockchains. The platform is currently focused on stablecoins and has processed more than $1 billion in transaction volume to date.
Crypto settlement startup Glacis Labs has completed a $6.8 million seed round, according to BlockBeats on July 16.
Lightspeed Faction led the round. Franklin Templeton, Coinbase Ventures, A.GAIN, formerly IDC Ventures, Protein Capital, and Techni Ventures also participated. The financing was structured as equity plus token warrants.
The company said the new funding will be used mainly to expand its core product, the ZeroDelta platform, and to support hiring across engineering, compliance, and marketing.
Glacis Labs said ZeroDelta is a multichain settlement platform that enables matching, net settlement, and final settlement for digital assets across blockchains. The platform is currently focused on stablecoins and has processed more than $1 billion in transaction volume so far.
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