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Crypto liquidation startup Glacis Labs completes a $6.8 million seed round
BlockBeats, July 16: Glacis Labs, a crypto liquidation startup, has completed a $6.8 million seed round. The round is led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures. It uses an equity + token warrant structure. The funding will mainly 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 liquidation platform that enables matching, net settlement, and final settlement of cross-blockchain digital assets. It currently focuses on stablecoins and has processed more than $1 billion in transaction volume to date.