Cyclops has secured $20 million in a Series A funding round aimed at accelerating the development of its stablecoin rails tailored for the payments industry. The platform enables payment firms to integrate with a single partner using one API, streamlining stablecoin settlements, pay-ins, payouts, and treasury optimization across multiple global corridors.
Backing Cyclops’ $20 million round is Nava Ventures, whose lead investor highlighted the expertise of Cyclops’ founding team. The co-founders previously built a crypto fundraising platform for nonprofits and bring deep payments industry experience, positioning them to address critical industry challenges and scale stablecoin adoption effectively.
The company’s platform already operates under more than 100 licenses worldwide, supporting over 300,000 merchants with a rapid transaction volume growth of 350% month over month. This extensive licensing network provides product and regulatory redundancy across major markets, reducing operational risk for clients.
Cyclops plans to deploy the new capital to accelerate product innovation, expand local teams, increase licensing coverage, and strengthen its go-to-market efforts. The company announced stablecoin and cryptocurrency platform availability earlier this year, citing recent regulatory clarity from frameworks such as the Markets in Crypto-Assets Regulation (MiCA) and the GENIUS Act as key enablers of stablecoin growth.
Stablecoins have reached a pivotal moment in adoption, especially driven by agentic commerce, but payments firms have often faced hurdles when adopting the technology. Cyclops aims to overcome these barriers by delivering purpose-built stablecoin infrastructure designed specifically for the payments sector.