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Ripple backs Squid's $6M funding to grow cross-chain consumer platform

Protocol Fundamentals
23 May 2026, 00:53 WIB
Crypto Briefing
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Bullish
Ripple backs Squid's $6M funding to grow cross-chain consumer platform

Ripple joined a $6 million funding round led by North Island Ventures to support Squid's expansion of its cross-chain consumer platform. Squid, which has processed over $6 billion in transactions since January 2023, aims to simplify asset transfers across more than 100 blockchains, including Ethereum, Bitcoin, and XRPL. The new capital will help Squid develop consumer products that make managing digital assets easier for everyday users. This investment highlights growing interest in cross-chain infrastructure as blockchain ecosystems become more interconnected.

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