🔹 Ripple Just Backed Squid‘s 6 Million Dollar Bet

The official bridge partner of XRP Ledger just got heavier.

🔹 The Deal
Squid closed a 6 million dollar strategic round.
North Island Ventures led the round.
Ripple jumped in alongside Dialectic and Borderless.
Angel investors joined too, including the co-founder of Axelar and the founder of Enso.
Total funding now reaches 13.5 million dollars.

🔹 The Track Record
The platform processed over 6 billion dollars in volume.
That volume came from more than 4 million transactions.
Squid served over one million unique users.
It routes liquidity across more than 100 blockchains.
Supports over 20,000 tokens and connects to more than 130 decentralized exchanges.
All of this activity started only after its January 2023 launch.

🔹 The XRPL Connection
Squid is the official bridge partner for the XRP Ledger.
The platform operates a validator on the XRPL network.
It also participates directly in XRPL governance.
Ripple’s investment fits a clear pattern of backing infrastructure around its own ledger.

🔹 The Technology That Works
Squid moves assets in a single transaction across ecosystems including Bitcoin, Ethereum, Solana, Cosmos, and the XRP Ledger.
The platform even supports networks without smart contracts.
Bitcoin and XRPL both live inside that list.
The execution engine uses market makers and Trusted Execution Environments.
No contract deployments needed on every chain.
Squid completed nine independent security audits.
Zero exploits.
99.99 percent uptime since day one.

🔹 The New Product Coming
The fresh capital builds one thing: a consumer-facing product.
Squid currently operates a web-based bridge and swap app.
The next step is a broader platform built on its existing routing and settlement infrastructure.
Fig, the pseudonymous co-founder, put it plainly.
“The vision is to make directly accessing whatever you need in crypto as simple as the cross-chain swaps Squid already handles today.”

🔹 The Agentic Commerce Layer
Squid launched an adapter for Tempo’s Machine Payments Protocol on launch day.
The team also built a model context protocol integration.
That integration lets AI agents execute cross-chain swaps using natural language commands.
Machines will trade across chains without human clicks.

🔹 The Bottom Line
Ripple does not write checks for random projects.
Squid is the official bridge partner, a validator, and a governance participant on XRPL.
6 billion dollars in volume.
100 chains.
4 million transactions.
Zero exploits.
The money is for a consumer product that turns cross-chain routing into a one-click experience.

Ripple placed its bet. Squid runs the rails. The consumer layer arrives next.
#GateSquare #Ripple #CryptoMarket