The full-chain ledger protocol Cycle Network announced the completion of its first round of financing at the million-dollar level, led by Vertex Ventures.

ChainCatcher news, according to The Block, the trustless full-chain ledger protocol Cycle Network has announced the completion of a million-dollar Series A funding round, with the specific amount not disclosed. Vertex Ventures and Summer Ventures, under Temasek Holdings, led the round, with participation from LTP, Super Chain Capital, GSG Digital, and others.

It is reported that Cycle Network has launched a solution to the interoperability issues in the blockchain field, introducing a trustless method of exchanging information for blockchains through its innovative fully distributed ledger technology (ODLT), addressing the fragmentation problem of blockchain networks.