Cross-chain router Squid completes US$4 million in strategic financing, led by Polychain Capital

Cointime2024/02/01 01:18

By: Cointime

Cross-chain router Squid announced it has received $4 million in strategic financing, led by Polychain Capital, with follow-on investments from Nomad Capital, North Island Ventures, Maelstrom and Chorus One, XYZ Department, Breed, Binary Builders, and Typhon Ventures, as well as additional investments from Distributed Global, Fabric Ventures, Node Capital, and Chapter One. Squid provides support for thousands of assets on more than 60 chains for users. This financing will allow the team to continue expanding support for the EVM and Cosmos ecosystems and other areas. In addition, the team will establish deeper integrations with more decentralized applications (dApps), enabling users to easily interact with these applications in multiple ways, including depositing DeFi positions, purchasing NFT collections, and in-game items.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cross-chain router Squid completes US$4 million in strategic financing, led by Polychain Capital

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