[Cross-chain platform Squid completes $6 million strategic financing, Ripple among investors] Odaily Planet Daily News: Cross-chain infrastructure platform Squid has completed a $6 million strategic financing round, led by North Island Ventures, with participation from Ripple, Dialectic, Borderless, and others. It is reported that Squid was initially incubated within the Axelar ecosystem before evolving into an independent platform. Since its launch in 2023, Squid claims to have processed over $6 billion in cross-chain transaction volume, spanning more than 100 blockchains, with a cumulative transaction count exceeding 4 million and a user base of over 1 million. Following this round of financing, Squid's total funding has reached $13.5 million. The company plans to use the new funds to launch consumer-facing products, further simplifying the process of accessing, managing, and utilizing crypto assets across chains.