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Squads completes $18 million strategic funding round led by Solana Ventures
: Solana ecosystem multi-signature protocol Squads announced the completion of an $18 million strategic funding round, led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and others. Its total cumulative funding has now reached $42.9 million. According to reports, Squads' stablecoin payment platform Altitude allows enterprises to conduct 24/7 global payment settlements in stablecoins through self-custodial wallets, and connects to the global payment network via its compliance and risk control system. (The Block)
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Altitude
Altitude
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Coinbase
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Squads, a Solana ecosystem multisig protocol, announced it has completed an $18 million strategic funding round led by Solana Ventures.
According to The Block, Squads, a multi-signature protocol in the Solana ecosystem, has announced the completion of an $18 million strategic funding round led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and others. This round is an equity financing, bringing Squads’ total funding to $42.9 million. Squads will use the funds from this round to expand its stablecoin-based corporate finance platform, Altitude.
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Altitude
Altitude
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Coinbase
Liquid, a cryptocurrency derivatives exchange, announced the completion of its $18 million Series A funding round, co-led by Neo and Left Lane Capital.
According to Fortune, cryptocurrency derivatives exchange Liquid has announced the completion of an $18 million Series A funding round, co-led by Neo and Left Lane Capital, with participation from Haun Ventures, K5 Global, SV Angel, AntiFund, and Sunflower Capital. This comes less than six months after its $7.6 million seed round, which was led by Paradigm.
Liquid
Liquid
Liquid
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Neo
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Crypto markets are sluggish, and most top-tier VCs have seen a significant decline in their AUM.
According to Fortune, during the 2025 crypto market downturn, major crypto-focused venture capital firms—including Paradigm, a16z, and Multicoin—generally saw declines in their assets under management (AUM). Specifically, a16z’s four crypto funds experienced an almost 40% drop in AUM to $9.5 billion compared to 2024; however, the firm had already distributed capital to limited partners (LPs) at market highs, with its first crypto fund achieving a distribution-to-paid-in (DPI) ratio of 5.4—demonstrating standout returns. Multicoin’s AUM fell by roughly half from its peak to approximately $2.7 billion. Pantera Capital also completed exit distributions via the IPOs of five portfolio companies, including Circle and BitGo. In contrast, Haun Ventures grew its AUM by over 30% year-on-year to around $2.5 billion. Currently, institutions including Paradigm, a16z crypto, and Dragonfly are actively raising new funds, with a combined target size exceeding $4.2 billion.
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Paradigm
Paradigm