The cross-chain trading and liquidity routing protocol Squid has completed a $3.5 million financing round, led by North Island Ventures

ChainCatcher news, the cross-chain trading and liquidity routing protocol Squid announced the completion of a $3.5 million financing round, led by North Island Ventures, with follow-on investments from Distributed Global, Fabric Ventures, Galileo, Chapter One, and Node Capital.

It is reported that Squid is a cross-chain trading and liquidity routing protocol on the Axelar Network. Squid utilizes existing DEXs to trade and send any native tokens across chains. Transactions can be combined with Axelar's universal messaging, allowing Squid to enable one-click trading with any asset between any applications and any users.