Squid, a Zug, Switzerland-based provider of a cross-chain platform connecting networks, liquidity sources, and applications empowering digital assets across crypto, raised $6M in funding.
The round was led by North Island Ventures. Participating investors included Ripple, Dialectic, Borderless, Scenius Capital, Altos, and Arche Capital, along with angels from Axelar, Ledger, Polymer, Enso, and Peanut.
The company intends to use the funds to accelerate its expansion into consumer products.
Squid is provides a connected multi-chain platform, reaching ecosystems without contracts, including Bitcoin and XRPL. Its execution layer, Squid Intents, uses market makers to fill cross-chain transactions and settles them through Trusted Execution Environments (TEEs) rather than requiring contract deployments on every chain. This allows the platform to support 100+ networks.
The solution supports 20,000+ tokens across every major ecosystem and has facilitated over $6B in lifetime volume since its January 2023 launch.
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FinSMEs
25/05/2026