Cross-chain platform Squid completes $6 million strategic funding round, led by North Island Ventures

2026-05-23 by admin

Deep Tide TechFlow news, May 23, according to The Block, cross-chain infrastructure platform Squid completed a $6 million strategic financing round, led by North Island Ventures, with participation from Ripple, Dialectic, and Borderless. The funds will be used to launch a new consumer-oriented product. Squid co-founder Fig stated that the product will be built on its routing and settlement infrastructure to enhance the crypto asset access and management experience. Squid noted that since its launch in 2023, the platform has processed over $6 billion in transaction volume and more than 4 million transactions across over 100 blockchain networks, serving over 1 million users.

TechFlow Deep Tide news, June 13th, Mantle announced the launch of SPCXx, a tokenized SpaceX equity issued by xStocks, with 7×24 hour on-chain trading starting on the day SpaceX completes its largest IPO in history.The asset goes live via Fluxion and Merchant Moe on the Mantle ecosystem platform. Fluxion uses xStocks' Atomic RFQ mechanism, supporting direct minting and redemption by the issuer, completely avoiding AMM slippage and achieving institutional-grade execution. Meanwhile, Merchant Moe launches the 'Project X' incentive program, allocating 100,000 MNT rewards to liquidity providers, with the initial SPCXx/USDT0 pool opened.Mantle stated that SPCXx is the first tokenized stock to go on-chain on its launch day, marking a seamless integration of traditional and on-chain markets for the most anticipated IPO of this decade. In the future, more high-demand tokenized stocks will be listed on Mantle in the same model: issued by xStocks, executed by Fluxion, with liquidity incentives provided by Merchant Moe.

{"1": "On June 13, according to an official announcement, Gate has completed the stock distribution for the first phase of its Direct IPO project, SpaceX (SPCX). Users can check their stock accounts to view the credited SPCX stock assets; any unallocated portion and remaining subscription funds have been automatically refunded to their spot accounts. With the stock distribution completed, SPCX will enter the market trading phase in accordance with the U.S. new stock listing process.Meanwhile, Gate has launched an exclusive benefit event for subscribers of SpaceX (SPCX). By participating in the designated USDT Yu Bi Bao product, users can enjoy up to 200% annualized returns, and holding USD1 also qualifies for additional yield rewards. The platform has simultaneously initiated the limited-time "SPCX Stock Launch Plan" event. During the event, users who engage in stock trading can claim their first-trade reward. By showcasing SPCX holdings, participants have the chance to receive a stock airdrop. Completing specified trading volumes and joining the leaderboard competition also allow users to share a total prize pool of 50,000 USDT worth of SPCX stock.Additionally, Gate Stock has launched its stock trading Web terminal, achieving full dual-platform coverage across both App and Web. Gate Stock supports trading over 10,000 U.S. mainstream market stocks and ETFs using USDT, covering major U.S. securities markets such as NYSE and NASDAQ, and supports fractional share trading with a minimum purchase of 0.01 shares. With the introduction of Direct IPO, Gate is gradually building a comprehensive product ecosystem covering Pre-IPO, IPO, and stock trading, offering users a more convenient one-stop global investment experience."}

PANews, June 13th. According to Jinshi, SpaceX (SPCX.O) surged on its first day of trading on the Nasdaq on Friday, with its market capitalization exceeding $2 trillion. The listing went smoother than many observers had expected. The stock began trading late Friday morning, fluctuating between 15% and 30% above Thursday's pricing for most of the session, without significant volatility. It closed at around $161 per share, up 19%, making it the sixth-largest company in the U.S. The final settlement price is yet to be determined. The trading volume exceeded 500 million shares, with a transaction value of about $80 billion. With major listing plans from Anthropic and OpenAI on the horizon, market observers had worried that a flood of new shares could weigh on market performance after a prolonged IPO drought. However, investors, from large institutions to Elon Musk's retail fans, were in high spirits by the close. Dan Coatsworth, head of market at AJ Bell, said: 'SpaceX hasn't just broken records in terms of IPO fundraising size; it has also left other big companies far behind. When the starting valuation is already close to $2 trillion, adding that much market cap in an instant is impressive.'