Overview
- Castle Island Ventures led the round, with participation from F-Prime and payment processor Shift4.
- Cyclops provides B2B APIs to mint and redeem stablecoins, manage reserves, and run KYC and transaction‑monitoring workflows.
- Early customers include Shift4 clients such as Blade and Blue Origin, which use Cyclops for stablecoin settlement plumbing.
- The company says the new capital will support pursuit of partnerships with major processors and card networks, including Fiserv, Adyen, Global Payments, Visa, Mastercard, and American Express.
- Backers frame the bet as enterprise adoption of stablecoin settlement grows, helped by higher on‑chain volumes and clearer regulatory frameworks.