Solana-based multisig protocol Squads raised $10 million in Series A funding and launched its retail wallet app Fuse on public TestFlight.
Squads Labs, the main developer of the Solana-based multisig protocol Squads, has raised $10 million in a Series A funding round and launched its retail-focused iOS wallet app called Fuse on public TestFlight.
The Series A round brings Squads' total funding to $22.5 million, having previously raised $12.5 million in three funding rounds.Squads is a Solana-based multisig protocol that helps businesses manage on-chain assets like treasury, tokens and admin keys with multi-signature security. Since launching in 2021, Squads says it has helped secure over $10 billion in assets, a massive jump from $500 million this past October.
With fresh funding in place, Squads plans to continue enhancing its protocol and help more businesses run their on-chain workflows at every stage of their lifecycle, Simkin said.Squads also launched its retail-oriented iOS wallet app, Fuse, on public TestFlight today. Fuse is a Solana wallet built on top of Squads protocol with multi-signature security for personal assets.
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