Ripple, North Island Ventures back $6M funding round for cross-chain router Squid

Editorial Team· May 22, 2026 · 11:57 PM UTC ·3 min read · 0 reactions · 0 comments · 38 views

#cryptocurrency #funding #blockchain #investment #technology

TL;DR · WeSearch summary

Squid, a cross-chain routing platform, has secured $6 million in a funding round led by North Island Ventures, with Ripple also participating. This funding brings Squid's total capital to $13.5 million and supports its growth as it processes over $6 billion in routed volume across more than 100 blockchains. The company plans to introduce transaction fees as a new revenue stream while continuing to build consumer-facing products.

Key facts

▪Squid has processed over $6 billion in volume across more than 4 million transactions since its launch in January 2023.
▪The platform serves over 1 million users and operates across more than 100 blockchains, supporting upwards of 20,000 tokens.
▪Ripple's investment aligns with its goal of enhancing interoperability within the crypto ecosystem.

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Original publisher	Crypto Briefing
Canonical URL	https://cryptobriefing.com/ripple-north-island-squid-6m-funding/
Publication time	Fri, 22 May 2026 23:57:16 +0000
Retrieval time	2026-05-23T00:02:03.496Z
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Opening excerpt (first ~120 words) tap to expand

Ripple, North Island Ventures back $6M funding round for cross-chain router Squid The strategic round brings Squid's total funding to $13.5M as the platform surpasses $6B in routed volume across more than 100 blockchains. Share Add us on Google by Editorial Team May. 22, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Cross-chain routing platform Squid has closed a $6M strategic funding round led by North Island Ventures, with…

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