🦑 Squid's CORAL Simplifies Cross-Chain Swaps

**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)

**Cross-chain infrastructure protocol Squid has closed a strategic funding round** led by North Island VC, with participation from notable investors including: - **Major VCs**: Ripple, Dialectic Group, Borderless Capital, and Scenius Capital - **Strategic angels**: Representatives from Axelar, Ledger, Polymer Labs, Enso, and Peanut The funding builds on Squid's previous backing from prominent investors like a16z, Coinbase Ventures, Variant, Pantera, and Brevan Howard. **What Squid does**: The protocol enables seamless token swaps and transfers across different blockchains using existing DEXs. Users can execute cross-chain transactions—from buying NFTs to accessing DeFi protocols—without multiple wallet signatures or complex processes. The strategic nature of this round, featuring both infrastructure providers and application-layer projects, signals growing institutional interest in cross-chain interoperability solutions.

**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.