Squid Secures Strategic Funding to Expand Cross-Chain Infrastructure
Squid Secures Strategic Funding to Expand Cross-Chain Infrastructure
🦑 Squid raises strategic round
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.
3) What next? Well, we plan to continue building and growing Squid to new and great heights. New chains, users, features and products too. "Products? What do you mean???" HINT 🫧 x.com/squidrouter/st…
We're bringing more Squid to more people. Built with love at every layer, coming soon to a phone near you. Reply 🫧 to join the queue
9) As crypto grows, so does Squid. That's the beauty of building a solution that works, an ecosystem that continues to expand, and a product that favors UX. Thank you all for believing in Squid 💜 squidrouter.com/blog/squid-str…
Squid Reaches 1,718 Integrations with 36 New Teams in Q2
Squid reported **36 new integrations** in Q2 2026, bringing their total to **1,718 teams** using their cross-chain infrastructure. The platform enables token swaps and transfers across different blockchains through existing DEXs. Teams can integrate via SDK, front-end interface, or smart contracts. Squid's ecosystem now spans: - Wallets and applications - Real-world assets (RWAs) - DeFi protocols - Multiple blockchain networks - Institutional partners The technology allows users to execute cross-chain transactions in a single click, including NFT purchases, DeFi interactions, and gaming activities across different chains.
Squid Raises $6M Led by North Island Ventures
**Squid secures $6M funding round** led by North Island Ventures with backing from strategic investors, marking a new chapter for the cross-chain routing protocol. The announcement comes on the heels of strong performance metrics: - **Record transaction volume**: 294,000 transactions in May alone, the highest monthly total in Squid's history - **Consecutive growth**: Month-over-month all-time highs in April, May, and June 2026 - **Q2 momentum**: The team released their "State of Squid" report detailing current operations and future plans Squid enables users to swap and send native tokens across different blockchains through a single transaction, eliminating the need for multiple wallet signatures or complex multi-step processes. [View announcement](https://x.com/squidrouter/status/2057894019082973564?s=20)
🦑 Squid Partners with Ripple to Power Cross-Chain RLUSD Movement
**Squid has become the official cross-chain partner for Ripple USD (RLUSD)**, enabling instant multichain movement of the stablecoin across 7 chains including Ethereum, Base, Optimism, and XRPL. **Key capabilities:** - Instant cross-chain swaps and transfers of RLUSD powered by Squid Intents - Direct swaps from USDC, USDT, ETH, XRP, or any supported asset to RLUSD - All transactions completed in a single step **Integration details:** - RLUSD accessible via [Squid's app](http://app.squidrouter.com) and API/SDK - Developers can integrate for payments, treasury, and settlement use cases - Day-1 integrations include Strobe Finance, Girin Labs, D'CENT Wallet, and Ondex Money **Use cases enabled:** - Capital onboarding and cross-chain transfers - Cross-currency swaps and DeFi access - Real-world asset integration - Enterprise on/off-ramps RLUSD has surpassed $1.8B market cap with billions in monthly volume. The partnership positions the regulated stablecoin for multichain adoption across payments, wealth management, and treasury products. [Read full announcement](https://www.squidrouter.com/blog/squid-powers-ripple-USD-cross-chain)
RLUSD Stablecoin Expands to 7 Chains via Squid
Ripple's RLUSD stablecoin is now available for native swaps across 7 blockchain networks, powered by Squid's cross-chain infrastructure. **Key Details:** - RLUSD is Ripple's USD-backed stablecoin designed for real-time, compliant payments - The stablecoin has reached $1.8 billion market cap with billions in monthly trading volume - Multi-chain expansion enables users to swap RLUSD natively across 7 different blockchains - Squid's technology allows seamless cross-chain swaps without multiple transactions or wallets The expansion makes RLUSD more accessible across the crypto ecosystem, allowing users on different chains to easily acquire and use the stablecoin for payments, DeFi applications, and fiat on/off ramps.
Squid Raises $6M Led by North Island Ventures to Advance Cross-Chain Infrastructure
**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.