Cicada, the U.S.-regulated electronic trading platform connecting institutional capital to Latin American local-currency markets, announced it has raised US$13.5 million in a Series A funding round led by Citi, with participation from the Brazilian Stock Exchange B3 through its independent venture capital arm L4, as well as Kaszek, Dila, and Crestone. The financing includes a parallel strategic equity program designed to anchor liquidity through committed market makers, attracting leading Wall Street institutions as early participants.