Glacis Labs, the company behind the ZeroDelta crypto clearing platform, has raised $6.8 million in a seed funding round led by Lightspeed Faction. Notable participants in the round include Franklin Templeton, Coinbase Ventures, A.GAIN, Protein Capital, and Techni Ventures. The funding structure involves equity and token warrants, though the valuation remains undisclosed.
Founded in January 2024, Glacis Labs has developed ZeroDelta, a multi-chain clearing platform designed to reduce counterparty risk by matching, netting, and settling cross-chain digital asset transfers. The platform currently supports USDC, USDT, and USDe, with plans to expand into tokenized securities, real-world assets, and foreign exchange. Glacis Labs has processed over $1 billion in transaction volume, with an annualized run rate of $1.5 billion, and aims to grow its team to enhance engineering, compliance, and marketing capabilities.
Glacis Labs Secures $6.8 Million in Seed Funding with Franklin Templeton
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.