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Cyclops raises $20 million Series A to speed stablecoin payments

Cyclops raises $20 million Series A to speed stablecoin payments

The Miami-based startup says its API platform handles stablecoin settlement, pay-ins, payouts and treasury tools for payment companies, as adoption grows and U.S. regulation becomes clearer.

Fact Check
The Fortune exclusive, the originating primary source, directly confirms Cyclops raised a $20 million Series A to expand its stablecoin infrastructure for payment companies enabling faster settlement, lower costs, and improved cross-border/traditional payment flows. Odaily independently corroborates the $20 million raise. Details match the claim precisely, including the stablecoin-payments use case and the payments-infrastructure positioning.
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Summary

Cyclops has raised a $20 million Series A round to expand infrastructure that helps payment providers use stablecoins for faster settlement and treasury operations without building the underlying crypto stack themselves. Nava Ventures led the financing, with participation from Castle Island Ventures, Coinbase Ventures, Circle, Lasagna Ventures and GPT Ventures. The Miami-based company says it has processed more than $2 billion in transaction volume, supports more than 400 digital assets, operates in over 150 countries and holds more than 100 global licenses. Shift4 Payments and Mastercard are among its customers. The Series A follows an $8 million seed round in March 2026, bringing total funding to $28 million in roughly four months. Cyclops was founded by Alex Wilson, Pat Duffy and David Johnson, who previously built The Giving Block before selling it to Shift4. The fundraising comes as stablecoin market capitalization has grown 137% since 2024 to nearly $310 billion and as the GENIUS Act, signed in July 2025, has given U.S. stablecoin issuers a clearer federal framework.

Terms & Concepts
  • stablecoin settlement: The use of stablecoins to complete the final transfer of funds between parties, often with faster availability than traditional banking rails.
  • treasury management: Tools companies use to manage cash, liquidity and fund flows across accounts and payment operations.
  • pay-ins: Incoming payments collected from customers or counterparties into a business's payment system.