Crypto Financial Infrastructure Cycles Completes $6.4 Million Seed Round Funding, Led by Blockchange Ventures

On May 21, crypto finance infrastructure firm Cycles announced it has closed a $6.4 million seed financing round. The round is led by Blockchange Ventures, with participation from backers including Coinbase Ventures, Compound VC, Primitive Ventures, and other investors. This brings Cycles’ total raised funding to $8.7 million to date. The new capital will support scaling efforts for Cycles Prime and Cycles Pay, while Lynq and FalconX will join as key strategic partners for the initiative. Founded by Ethan Buchman after spinning out from Informal Systems, Cycles was built to address two core pain points in the digital asset space: liquidity bottlenecks and settlement risks. The platform leverages zero-knowledge proofs and a trusted execution environment to facilitate multi-party netting settlements, cutting counterparty risks and easing liquidity constraints.