POPA ReconCycles Raises $6.4M to Build Open Onchain Clearing Protocol
Cycles Raises $6.4M to Build Open Onchain Clearing Protocol Cycles, founded by Cosmos co-founder Ethan Buchman, has raised $6.4M in a new funding round led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, Primitive Ventures, and other investors. The raise brings Cycles’ total funding to $8.7M after a $2.3M pre-seed round earlier in 2025. Cycles is building an “open clearing protocol” designed to improve multilateral netting between counterparties, reducing the capital required to settle complex webs of transactions. Instead of settling each obligation individ…
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