Cosmos Co-founder's Startup Cycles Raises $6.4 Million

Cycles, a new multilateral clearing startup founded by a co-founder of Cosmos, has successfully raised $6.4 million in a funding round. The investment was led by Blockchange Ventures and included participation from Coinbase Ventures, among other notable investors. This latest funding brings the total capital raised by Cycles to $8.7 million. The company aims to revolutionize clearing processes within the financial ecosystem.