Cycles

Cycles is building an open, privacy-preserving clearing network for on-chain finance and stablecoin payments. The protocol maps financial obligations between participants and enables multilateral netting — a technique historically available only to major banks — making it accessible to any firm or individual using digital assets. By reducing reliance on cash settlement, Cycles aims to cut working capital costs and improve payment efficiency for crypto trading firms, stablecoin users, and on-chain financial networks. The company raised $6.4M in 2026 to expand its clearing infrastructure.