Ripple and North Island Ventures back $6M round for cross-chain platform Squid!

Cross-chain infrastructure platform Squid has closed a $6 million funding round backed by Ripple and North Island Ventures, signaling continued institutional appetite for interoperability tooling even as broader venture activity in crypto remains selective.

Squid operates as a cross-chain routing and liquidity layer, enabling assets and messages to move between blockchains without requiring users to manage multiple bridges manually. The backing from Ripple — itself a payments-focused blockchain company — adds strategic weight alongside North Island Ventures' financial capital.

The raise reflects a broader thesis gaining traction among serious infrastructure investors: that the multi-chain future is already here, and the real value accrues to the plumbing that connects fragmented liquidity across ecosystems rather than to any single chain.