Squads, a multi-signature protocol based on Solana, has completed a $10 million Series A financing round.

Squads, a multi-signature protocol based on Solana, has completed a $10 million Series A financing round. The round was led by Electric Capital, with participation from Coinbase Ventures, Placeholder VC, RockawayX, L1 Digital, Helius, and Mert Mumtaz, co-founder and CEO of Odyssey Ventures. Squads is a multi-signature protocol designed to assist enterprises in securely managing on-chain assets such as funds, tokens, and governance keys. Squads plans to launch the Solana wallet Fuse on the main app store in early July.