{"id":27048,"date":"2026-04-29T15:38:48","date_gmt":"2026-04-29T15:38:48","guid":{"rendered":"https:\/\/bitunikey.com\/news\/solana-multisig-protocol-squads-raises-18m-usd-to-scale-stablecoin-platform-altitude\/"},"modified":"2026-04-29T15:38:57","modified_gmt":"2026-04-29T15:38:57","slug":"solana-multisig-protocol-squads-raises-18m-usd-to-scale-stablecoin-platform-altitude","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/solana-multisig-protocol-squads-raises-18m-usd-to-scale-stablecoin-platform-altitude\/","title":{"rendered":"Solana multisig protocol Squads raises 18M USD to scale stablecoin platform Altitude"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Solana multisig leader Squads raises $18M to scale its Altitude stablecoin accounts for enterprises, reinforcing Solana\u2019s role as plumbing for onchain dollar treasuries.<\/p>\n<div id=\"cn-block-summary-block_5970f55bdd0689cd68570c98f649cde9\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Squads secured an $18 million strategic equity round led by Solana Ventures, with Coinbase Ventures, Haun Ventures, L1D and others, bringing total funding to $42.9 million.<\/li>\n<li>The protocol underpins Solana with multisig smart accounts and granular treasury controls that DAOs, teams and protocols widely use as the network\u2019s de facto multisig standard.<\/li>\n<li>New capital will scale Altitude, a stablecoin-native business account that turns Solana into a 24\/7 settlement rail for payroll, vendor payouts and global dollar cash management.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Solana\u2011based multi\u2011signature protocol Squads has raised 18 million dollars in a new strategic equity round led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D and others, according to\u00a0<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.theblock.co\/post\/399386\/solana-ventures-squads-funding-stablecoin-altitude\">The Block<\/a>. The latest financing brings Squads\u2019 total funding to 42.9 million dollars and will be used primarily to expand its stablecoin\u2011focused enterprise platform, Altitude.<\/p>\n<p>Squads is a core infrastructure provider in the\u00a0<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/solana\/\">Solana<\/a>\u00a0ecosystem, offering multisig smart accounts and treasury\u2011management tools that DAOs, teams and protocols use to secure on\u2011chain assets and manage program control. Built on the Squads Protocol, its platform enables multi\u2011signature wallets, granular permissions and spending limits for Solana\u2011native organizations, and is often referred to as a de facto standard for multisig on the network. The participation of Solana Ventures in the latest round underscores the protocol\u2019s strategic importance to the chain\u2019s security and operational stack.<\/p>\n<h2 class=\"wp-block-heading\">Solana stack gets serious<\/h2>\n<p>The new capital will accelerate the growth of\u00a0<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/blockworks.com\/news\/squads-launches-altitude-stablecoins-funding-huan\">Altitude<\/a>, Squads\u2019 stablecoin account product for businesses. Altitude lets companies use self\u2011custody accounts to send and receive stablecoin payments globally 24\/7, handle payroll and vendor payouts, and connect into the broader payment network via compliance and risk\u2011control layers. In practice, it aims to turn Solana into a back\u2011end settlement layer for dollar\u2011denominated cash management, leveraging the chain\u2019s high throughput and low fees.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>As of April 29, 2026, Solana (SOL) is trading around 84 dollars, slightly below recent levels near 86\u201388 dollars, with a market capitalization close to 48 billion dollars. On prediction platform\u00a0<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/polymarket.com\/event\/solana-price-on-april-29\" target=\"_blank\" rel=\"nofollow\">Polymarket<\/a>, traders currently price the 80\u201390 dollar range as the most likely closing band for SOL, implying that the market sees this move as consolidation rather than a breakout catalyst on its own. The Squads funding news strengthens the fundamental story for Solana as a base layer for enterprise\u2011grade stablecoin flows and treasury infrastructure, but it arrives against a backdrop of modest short\u2011term price weakness and a broader risk\u2011off tone in majors.<\/p>\n<p>In the near term, the announcement is more likely to support sentiment and narrative around Solana\u2019s ecosystem than to drive an immediate re\u2011rating of SOL price levels. For traders, the key question is whether Altitude can meaningfully grow on\u2011chain stablecoin balances and transaction volumes on Solana in coming quarters; if it does, that flow could reinforce fee revenue and network usage metrics that historically correlate with stronger medium\u2011term price performance. Until concrete adoption data emerges, SOL\u2019s price action is expected to remain anchored in the current 80\u201390 dollar range, with the Squads round serving as a constructive but incremental bullish data point rather than a standalone catalyst.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana multisig leader Squads raises $18M to scale its Altitude stablecoin accounts for enterprises, reinforcing Solana\u2019s role as plumbing for onchain dollar treasuries. Summary Squads secured an $18 million strategic&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27048"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27048\/revisions"}],"predecessor-version":[{"id":27049,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27048\/revisions\/27049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1079"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}