New updates have been reported about Cyclops.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Cyclops has raised $8 million in strategic funding from Castle Island Ventures, F-Prime and Shift4 Payments to build a dedicated stablecoin and crypto infrastructure platform for payment service providers. The company, founded by Pat Duffy, Alex Wilson and David Johnson, aims to replace the current multi-vendor patchwork with a single platform that enables PSPs to offer crypto payments, stablecoin settlement and related digital asset services.
The founding team previously built The Giving Block and later led the development of stablecoin and crypto products inside Shift4, giving Cyclops direct insight into operational and compliance pain points that have slowed adoption. By offering low- and no-code tools, bundled onboarding and compliance, and managed blockchain connectivity, Cyclops targets faster time-to-market, lower integration costs and improved margins for payments companies seeking to meet growing merchant demand for stablecoin capabilities.