Squid Secures Strategic Funding from North Island VC, Ripple, and Industry Leaders

**Squid has secured $6M in funding** led by North Island Ventures with support from strategic investors. The cross-chain protocol, which enables seamless token swaps and transfers across different blockchains, describes this as the beginning of their "most exciting chapter." **Key details:** - Funding round led by North Island Ventures - Strategic investors participated - Team promises more announcements ahead Squid's technology allows users to swap and send native tokens between chains through their SDK, front-end interface, or smart contracts. The platform integrates with existing DEXs and leverages Axelar's messaging capabilities for cross-chain transactions. The team has indicated additional news will follow this funding announcement.

**Squid has announced strategic funding** to support its continued growth as a cross-chain routing solution. **Key highlights:** - The funding will enable expansion to new chains and development of additional features - Squid's growth reflects the increasing complexity of navigating the multi-chain crypto ecosystem - The platform focuses on user experience, allowing seamless token swaps and transfers across different blockchains - Team hints at new products in development beyond current routing capabilities Squid's cross-chain infrastructure enables users to interact with applications across different chains without multiple transactions or wallets. The strategic investment positions the protocol to scale alongside the broader crypto ecosystem's expansion. [Read the full announcement](https://www.squidrouter.com/blog/squid-strategic-funding)

Squid launched **CORAL** (Cross-chain Order Routing and Auction Layer), an intent-based system that streamlines cross-chain transactions. **How it works:** - Users specify what they want - Squid handles execution automatically - Combines onchain liquidity sources with offchain market maker inventory through Request-For-Quote auctions **Key benefits:** - Reduces transaction steps from multiple to just 2 - 90% lower gas fees - Zero slippage - Faster execution times Currently live on Ethereum, Base, Arbitrum, BNB Chain, and Linea, with Avalanche and Optimism support coming soon. The system supports ETH, USDC, and USDT swaps, even for amounts as small as $5. [Try CORAL](http://app.squidrouter.com)

**Squid has launched its Model Context Protocol (MCP)**, enabling AI agents to execute cross-chain token swaps using natural language commands. **Key capabilities:** - AI agents can now buy, bridge, and trade across 100+ chains - Natural language interface eliminates technical barriers - Seamless cross-chain token swaps without manual transaction signing **Technical integration:** Developers can access full documentation at [Squid's MCP docs](https://docs.squidrouter.com/~/revisions/kgsL0tU1YCtaLv0nvJRr/api-and-sdk-integration/mcp) to integrate the protocol into their AI agents. The MCP builds on Squid's existing infrastructure that connects DEXs across multiple chains, now making these capabilities accessible through conversational AI interfaces.