TechFlow News, May 23: According to The Block, Squid, a cross-chain infrastructure platform, has raised $6 million in strategic funding. North Island Ventures led the round, with participation from Ripple, Dialectic, and Borderless. The funds will be used to launch a new consumer-facing product. Fig, co-founder of Squid, stated that the product will leverage Squid’s routing and settlement infrastructure to enhance the experience of accessing and managing crypto assets. Squid reported that since its launch in 2023, the platform has processed over $6 billion in transaction volume and more than 4 million transactions across over 100 blockchain networks, serving over 1 million users.
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