Squads, a Solana ecosystem multisig protocol, announced it has completed an $18 million strategic funding round led by Solana Ventures.

TechFlow News, April 29: According to The Block, Squads—a multisig protocol in the Solana ecosystem—has announced the completion of an $18 million strategic funding round led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, and L1D. This equity round brings Squads’ total funding to $42.9 million.

Squads will use the proceeds from this round to expand its stablecoin-based enterprise finance platform, Altitude.