Ripple, North Island Ventures back $6 million round for cross-chain platform Squid
60-second summary
Ripple and North Island Ventures are backing a $6 million funding round for cross-chain platform Squid, which is preparing to launch a new consumer product to simplify access and management of crypto assets. This strategic investment aims to expand Squid's user base and further its mission to bridge different blockchain ecosystems, potentially increasing adoption and usage of cryptocurrencies.
Squid is preparing to launch a new consumer product aimed at making it easier to access and manage crypto assets, Fig told The Block.