Glacis Labs, the startup behind crypto clearing platform ZeroDelta, has raised $6.8 million in a seed funding round as the platform comes out of stealth.
Lightspeed Faction led the round, with Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures participating. The round was raised as a single tranche after fundraising began late last year and closed in March, Jacob Blish, co-founder and CEO of Glacis Labs, told The Block. The round was structured as equity with token warrants, Blish said, declining to disclose Glacis' valuation.
As part of the deal, Lightspeed Faction received a non-voting board observer seat, Blish said, declining to disclose who from the venture firm would hold it.
Crypto clearing platform
Founded in January 2024, Glacis has built ZeroDelta, a multichain clearing platform that matches, nets and settles digital asset transfers across blockchains. The platform is built on Glacis Core, the startup's cross-chain messaging layer, and AirLift, its token transport layer. ZeroDelta currently supports stablecoins and plans to expand into tokenized securities, real-world assets, and foreign exchange.
