Squid, a Zug-based cross-chain platform for moving digital assets across blockchain networks, has raised $6 million in new funding led by North Island Ventures, with participation from Ripple, Dialectic, Borderless, Scenius Capital, Altos, and Arche Capital, alongside angel investors from Axelar, Ledger, Polymer, Enso, and Peanut.
The company said the capital will be used to expand its consumer products, deepen partnerships, and extend network coverage into institutional ecosystems. The raise comes as demand grows for infrastructure that can connect fragmented blockchain networks and liquidity sources.
Founded in Switzerland, Squid operates across more than 100 blockchain networks, with a stack that spans settlement, routing, developer tools, and consumer-facing products. Since launching in 2023, the company says it has routed more than $6 billion in volume through over 4 million transactions.
The company said the capital will be used to expand its consumer products, deepen partnerships, and extend network coverage into institutional ecosystems. The raise comes as demand grows for infrastructure that can connect fragmented blockchain networks and liquidity sources.
Founded in Switzerland, Squid operates across more than 100 blockchain networks, with a stack that spans settlement, routing, developer tools, and consumer-facing products. Since launching in 2023, the company says it has routed more than $6 billion in volume through over 4 million transactions.