Solana (SOL) -Based Multisig Protocol Squad Raises $10 Million
CryptoNewsTerminal Staff10 Jun, 2024
Solana (SOL) -Based Multisig Protocol Squad Raises $10 Million
Squad, a multisig protocol based on the Solana (SOL) blockchain, has secured $10 million in a Series A funding round. The round was led by Electric Capital and also saw participation from Coinbase Ventures and Placeholder VC, among others. Squad intends to use the funds to expand the protocol's capabilities and integrations. The protocol is designed to provide secure and efficient multi-signature transaction management for businesses and individuals, facilitating secure management of digital assets. With the rise of decentralized finance (DeFi) and the growing popularity of digital asset management, the demand for secure and reliable multisig solutions is increasing. Squad aims to address this demand by offering a robust and user-friendly protocol that caters to the evolving needs of the crypto ecosystem.
