Ripple backs Squid’s $6M cross-chain round
The post Ripple backs Squid’s $6M cross-chain round appeared on BitcoinEthereumNews.com. Ripple joined a $6M funding round for cross-chain infrastructure platform Squid. Summary North Island Ventures led the $6M strategic round, with Ripple, Dialectic, and Borderless also participating. Squid has routed over $6 billion in volume through more than 4 million transactions since its January 2023 launch. The new funding brings Squid’s total raised to $13.5 million and will fund consumer-facing product expansion. Cross-chain platform Squid raised $6 million in strategic funding to build new consumer-facing products that simplify how users move assets across blockchains. North Island Ventures led the round, with Ripple, Dialectic, Borderless, Scenius Capital, Altos, and Arche Capital also participating. Angel investors including Axelar co-founder Georgios Vlachos, Enso Finance founder Connor Howe, and Constructive founder Dan Lynch joined as well. Squid’s pseudonymous co-founder Fig declined