Squid raises $6M in a strategic round led by North Island Ventures with Ripple participating, bringing total funding to $13.5M for the cross-chain router.

Squid is preparing to launch a new consumer product aimed at making it easier to access and manage crypto assets, Fig told The Block.

Ripple backs Squid’s $6M round as the cross chain platform expands consumer products after routing over $6B in volume.

Squid raises $6M in a strategic round led by North Island Ventures with Ripple participating, bringing total funding to $13.5M for the cross-chain router.