TL;DR:
- Glacis Labs raised $6.8 million in seed funding to expand ZeroDelta, with Lightspeed Faction leading and Franklin Templeton plus Coinbase Ventures participating.
- ZeroDelta supports USDC, USDT and USDe, and aims to expand into tokenized securities, real-world assets and foreign exchange.
- The platform matches, nets and settles cross-chain asset transfers, has cleared over $1 billion and runs at a $1.5 billion annualized rate, with stablecoins providing roughly 90% of live activity.
Glacis Labs has raised $6.8 million in seed funding to expand ZeroDelta, its institutional crypto clearing platform, with Lightspeed Faction leading the round and Franklin Templeton, Coinbase Ventures, A.GAIN, Protein Capital and Techni Ventures joining. The startup, founded in January 2024, is coming out of stealth with a pitch aimed squarely at crypto’s fragmented settlement layer. The bet is that clearing, not trading, becomes the next institutional bottleneck, because capital moving across chains still faces cost, counterparty and bridge-risk problems that large firms are reluctant to normalize.
We are incredibly proud to announce ZeroDelta publicly and a huge thank you to our investors and supporters over the past 2.5 years. 🫡
We will be disclosing more about our vision and about the product soon! https://t.co/hqPcDvdwNr
— glacislabs (@glacislabs) July 15, 2026
The round began late last year and closed in March as a single tranche structured as equity with token warrants. Lightspeed Faction also received a non-voting board observer seat. Glacis declined to disclose its valuation, but its ambitions are clear. ZeroDelta currently supports stablecoins, including USDC, USDT and USDe, and plans to expand over time into tokenized securities, real-world assets and foreign exchange. The platform is starting where liquidity already exists, rather than forcing institutions into thinner markets before clearing demand is proven.
ZeroDelta targets cross-chain clearing before settlement
ZeroDelta matches, nets and settles digital asset transfers across blockchains using Glacis Core, its cross-chain messaging layer, and AirLift, its token transport layer. CEO Jacob Blish said the system continuously clears asset flows across multiple blockchains and venues before settling the remaining balance onchain. That differs from single-venue clearing models because ZeroDelta is designed to sit across routes, not inside one exchange. The value proposition is reducing movement before assets move, which can lower costs and counterparty exposure for market makers, dealers, aggregators, solvers, stablecoin issuers and tokenization platforms.
Glacis says ZeroDelta has cleared more than $1 billion in transaction volume and operates at a $1.5 billion annualized run rate, with roughly 90% of live transport-rail activity coming from stablecoins. The company generates revenue by charging fees on volume cleared across its network and now has 10 remote employees, mainly across New York and Europe, with hiring planned in engineering, compliance and go-to-market roles. The challenge is turning flow into defensibility, because competitors may overlap with parts of the stack. Blish argues ZeroDelta’s edge is the combination of native mint/burn transport without bridge risk, par clearing before movement and neutrality, since the platform does not operate a first-party trading desk against users directly.
