Glacis Labs raises $6.8 million seed to expand ZeroDelta platform

Lightspeed Faction led the round as Glacis Labs scales its multichain clearing network, which has processed more than $1 billion and is targeting tokenized assets and FX.

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40d ago

Fact Check

Every element of the claim is confirmed by the company's own PR Newswire press release and independent reporting from The Block. The $6.8 million seed amount, Lightspeed Faction as lead investor, the ZeroDelta multichain clearing platform, the over-$1 billion cleared metric, and the targeting of tokenized assets and FX all match precisely across the primary source and independent corroboration. No conflicting information was found.

Summary

Glacis Labs raised $6.8 million in a seed round led by Lightspeed Faction, with Franklin Templeton, Coinbase Ventures, A.GAIN, Protein Capital and Techni Ventures participating. The company said the funding, structured as equity and token warrants, will support the expansion of ZeroDelta, its multichain clearing platform for matching, netting and settling digital asset transfers across blockchains. Founded in January 2024, Glacis Labs said ZeroDelta is designed to reduce counterparty risk in cross-chain transfers. The platform currently supports USDC, USDT and USDe. Glacis Labs said it has processed more than $1 billion in transaction volume and is operating at a $1.5 billion annualized run rate. The company plans to extend the platform beyond stablecoins into tokenized securities, real-world assets and foreign exchange, while also growing its team across engineering, compliance and marketing.

Terms & Concepts

netting: A process that offsets obligations between parties so only the final balance needs to be settled.
counterparty risk: The risk that the other party in a transaction fails to meet its obligation before settlement is completed.
tokenized securities: Traditional financial instruments represented digitally on a blockchain.