BlockBeats News, July 15th, Payment infrastructure startup Cyclops announced the completion of a $20 million Series A funding round. The round was led by Nava Ventures, with participation from Castle Island Ventures, Coinbase Ventures, Circle, Lasagna Ventures, and GPT Ventures. The company provides integrated cryptocurrency and stablecoin infrastructure to payment enterprises, enabling faster settlement and cross-border transfers without the need to build their own tools.

Cyclops aims to improve liquidity efficiency through stablecoin infrastructure. This funding round comes shortly after its $8 million seed round in March of this year. Shift4 Payments and Mastercard are already existing customers of the company.