BlockBeats reported on July 16th that crypto clearing startup Glacis Labs has completed a $6.8 million seed funding round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures. The funding was structured as equity plus token warrants. The funds will primarily be used to expand its core product, the ZeroDelta platform, and to support the expansion of its engineering, compliance, and marketing teams.
ZeroDelta is a multi-chain clearing platform that enables matching, netting, and final settlement of digital assets across blockchains. Currently, it primarily serves stablecoins and has processed over $1 billion in transactions to date.