Glacis Labs raises $6.8 million seed round for ZeroDelta expansion

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.