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 led by Electric Capital, with participation from Coinbase Ventures and others. This funding round brings Squads' total funding to $22.50 million. Squads primarily assists enterprises in securely managing on-chain assets such as funds, tokens, and governance keys through multi-signature security. Additionally, Squads recently launched the wallet application Fuse targeting the retail market.