BlockBeats News, July 16th, Cryptocurrency settlement startup Glacis Labs has completed a $6.8 million seed round of financing. The round was led by Lightspeed Faction, with follow-on investments from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, using an equity + token warrant structure. The funding will be mainly used to expand its core product, the ZeroDelta platform, and support team expansion in engineering, compliance, and marketing.

ZeroDelta is a multi-chain settlement platform that enables matching, netting, and final settlement of cross-blockchain digital assets, with a current focus on stablecoins, having processed a total transaction volume of over $1 billion.