Cross-chain platform Squid raises $6M with participation from Ripple

Cross-chain infrastructure platform Squid has raised $6 million in a strategic funding round. The round was led by North Island Ventures, with participation from Ripple, Dialectic, and Borderless. This brings Squid's total funding to $13.5 million. Launched in 2023, Squid is a platform that supports asset transfers across more than 100 blockchains, including Bitcoin, Ethereum, and Solana, and has processed over $6 billion in transaction volume to date. The company plans to use the new capital to accelerate the development of a new consumer product aimed at helping users access and manage their crypto assets.