Ripple, North Island Ventures back $6 million round for cross-chain platform Squid
Squid is preparing to launch a new consumer product aimed at making it easier to access and manage crypto assets, Fig told The Block....
Key takeaways
- 1Ripple and North Island Ventures backed a $6 million funding round for cross-chain platform Squid.
- 2Squid is launching a new consumer product to simplify crypto asset access and management.
- 3The funding supports development of cross-chain solutions for easier cryptocurrency operations.
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Why it matters
Cross-chain platforms reduce friction in crypto asset management, making cryptocurrencies more accessible to retail investors. Major backing from Ripple signals institutional confidence in interoperability solutions gaining mainstream adoption.
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