Cross-chain protocol Squid completes $4 million funding, led by Polychain Capital

2024-02-01 09:06:15
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ChainCatcher news, the cross-chain protocol Squid announced the completion of a $4 million strategic financing round, led by Polychain Capital, with participation from Nomad Capital, North Island Ventures, Maelstrom, Chorus One, XYZ, Breed, Binary Builders, and Typhon Ventures, as well as over 30 angel investors.

The funds will be used to accelerate development to achieve more complex transaction sequence bundling and more efficient asset routing. Meanwhile, the team is integrating with more interoperability networks and plans to bring Squid to more blockchain ecosystems beyond Ethereum and Cosmos.

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