Storyline
Ripple and North Island Ventures back $6 million funding round for cross-chain platform Squid
Cross-chain infrastructure platform Squid has secured $6 million in a strategic funding round led by North Island Ventures, with participation from Ripple.
Published 2026-05-22 18:11 UTCUpdated 2026-05-22 22:10 UTC
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Evidence trail (top sources)
top sources (1 domains)domains are deduped. counts indicate coverage, not truth.1 top source shown
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Overview
Cross-chain infrastructure platform Squid has secured $6 million in a strategic funding round led by North Island Ventures, with participation from Ripple.
Score total
1.28
Momentum 24h
2
Posts
2
Origins
2
Source types
2
Duplicate ratio
0%
Why now
- The funding round is recent, reflecting ongoing interest in cross-chain infrastructure solutions.
- Crypto ecosystems are increasingly multi-chain, necessitating better cross-chain tools.
- Ripple's involvement highlights strategic moves to expand its footprint in cross-chain technology.
Why it matters
- Cross-chain interoperability is critical for seamless crypto asset transfers across blockchains.
- Investment from major players like Ripple signals confidence in Squid's technology and vision.
- Simplifying cross-chain transactions can enhance user experience and drive broader crypto adoption.
Continuity snapshot
- Trend status: insufficient_history.
- Continuity stage: emerging_confirmed.
- Current status: open.
- 2 current source-linked posts are attached to this storyline.
All evidence
All evidence
Ripple backs Squid’s $6M round to simplify cross-chain crypto
Crypto.News · crypto.news · 2026-05-22 22:10 UTC
Ripple, North Island Ventures back $6 million round for cross-chain platform Squid
the_block_crypto · theblock.co · 2026-05-22 18:11 UTC
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