Ripple Invests $6M in Squid to Expand XRP Ledger Across 100+ Blockchains

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Ripple has invested $6 million in Squid, a routing protocol spanning more than 100 blockchains and processing over $6 billion in routed transactions. The funding round also includes backing from Dialectic, Borderless, Scenius Capital, Altos, and Arche Capital. Squid uses an intent-based execution model that enables seamless cross-chain transactions without manual bridging, allowing users to move assets across Ethereum, Solana, Bitcoin, Cosmos, and XRPL automatically.
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