Stablecoin Infrastructure Boost
Cyclops Secures $20 Million Series A to Scale Stablecoin Infrastructure for Payments Firms
Anonymous
Key Points
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Cyclops' platform currently supports more than 400 digital assets, operates in over 150 countries, and holds more than 100 global licenses, underscoring the breadth of its rails beyond the disclosed 2B+ in volume.
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The team is in aggressive hiring mode with 31 employees already and plans to double headcount by year-end to support product development, licensing expansion, and go-to-market efforts.
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Nava Ventures’ Kevin Chenault is joining Cyclops’ board as part of the Series A, adding governance oversight to the round.
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Cyclops has raised $28 million to date, following an $8 million seed round completed in March 2026, reflecting rapid early-stage momentum in just a few months.
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Compliance leadership is anchored by Coinbase’s former global chief compliance officer, and the company participates in the Mastercard Crypto Program to help scale cross‑border go-to-market across jurisdictions.
Cyclops, a Miami-based stablecoin startup, has raised $20 million in a Series A round led by Nava Ventures, according to Refresh Miami. The round brings its total funding to $28 million, following an $8 million seed round closed just months earlier in March 2026.
The company calls itself a single integration layer for payments firms. Through one API, it handles stablecoin settlement, payins, payouts, treasury management, and licensing. It already supports 400+ digital assets, operates in 150+ countries, and holds more than 100 global licenses, Value the Markets reported.
How Cyclops Turns One API Into Global Payment Rails
Cyclops positions itself as the missing link between large payment processors and stablecoin networks. Instead of stitching together dozens of banking relationships and compliance setups, a payments firm plugs into Cyclops once. The platform then handles cross-border settlement at what the company calls "internet speed."
The growth numbers back up the pitch. Cyclops reports more than $2 billion in processed volume and 300,000 merchant connections. Month-over-month activity has grown 350%, according to Market Screener. Shift4 Payments and Mastercard are both tied to the company's ecosystem.
Founders Brought Crypto Compliance Muscle From Day One
The team behind Cyclops previously built The Giving Block, a crypto donation platform. Founders Alex Wilson, Pat Duffy, and David Johnson now lead a company that bakes compliance directly into its rails. Coinbase's former global chief compliance officer anchors the compliance function.
Cyclops also participates in the Mastercard Crypto Program. That partnership helps the company scale across borders where licensing and regulatory rules differ sharply. The company holds 100+ licenses globally — a moat that is hard and slow for rivals to replicate, Value the Markets noted.
Who Wrote the Checks and What They Get
Nava Ventures led the $20 million round. Coinbase Ventures, Circle, Castle Island Ventures, Lasagna Ventures, and GPT Ventures all joined, according to Refresh Miami. Nava's Kevin Chenault is joining the Cyclops board as part of the deal, adding formal governance oversight.
The investor list is notable. Circle issues USDC, the world's second-largest stablecoin. Coinbase Ventures runs one of crypto's most active investment arms. Having both firms in the cap table signals confidence that Cyclops is building infrastructure they want to see win, Market Screener reported.
Hiring Spree and Expansion Plans Ahead
Cyclops currently has 31 employees and plans to double headcount by the end of the year. The new capital will fund that hiring push, along with product development and geographic expansion. More licenses in new markets are also on the roadmap.
The broader bet is that legacy banking rails — slow, fragmented, and expensive — are ready to be replaced. Stablecoin transaction volume has surged industrywide. Cyclops is racing to be the pick-and-shovel play: the infrastructure layer that every major payments firm needs but does not want to build itself.
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