Squid Closes $6 Million Funding Round Led by North Island Ventures, With Ripple as Angel Investor on May 26

GateNews
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According to Squid, the cross-chain infrastructure company closed a $6 million funding round on May 26, led by North Island Ventures with Ripple, Axelar, Ledger, Polymer, Enso, and Peanut participating as angel investors. The capital will be used to expand services for retail users, enabling easier movement and management of digital assets across multiple blockchain networks. Squid's app supports asset transfers between major blockchains including Ethereum, Bitcoin, Solana, Cosmos, and XRP Ledger through a unified interface.
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