Glacis Labs Raises $6.8M to Expand ZeroDelta Multichain Clearinghouse

What happened: Crypto clearinghouse Glacis Labs closed a $6.8 million seed round led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, and others. The funding will accelerate the expansion of ZeroDelta, Glacis’s multichain platform that has cleared over $1 billion in digital asset volume to date—currently focused on stablecoins, with plans to support tokenized securities and foreign exchange. The 10-person team, based in New York and Europe, leverages proprietary cross-chain messaging and token transport layers.

Why it matters: ZeroDelta’s non-custodial, atomic settlement model addresses longstanding counterparty and operational risks in digital asset clearing. With an annualized run rate of roughly $1.5 billion (about 90% stablecoins), Glacis is positioning itself as a backbone for institutional-grade settlement infrastructure. The platform’s expansion into real-world assets and FX could further blur the lines between traditional and crypto finance, especially as regulatory scrutiny on stablecoin flows intensifies.

Source: The Block