Cryptocurrency clearing startup Glacis Labs completes $6.8 million seed round financing

Cryptocurrency clearing startup Glacis Labs has completed a $6.8 million seed round financing. This round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, using an equity + token warrant structure.

The financing will primarily be used to expand its core product, the ZeroDelta platform, and support the expansion of engineering, compliance, and market teams. ZeroDelta is a multi-chain clearing platform that enables matching, net settlement, and final settlement of cross-blockchain digital assets, currently focusing on stablecoins, and has processed over $1 billion in transaction volume to date.