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Stock impact report

Solana Ventures leads $18M round for Squads' stablecoin treasury platform [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Now, a new technology shift is allowing businesses to move away from the traditional banking system . Squads, a financial infrastructure company building on Solana, announced on April 29 an $18 million strategic funding round to accelerate its financial operating system, Altitude. The funding was led by Solana Ventures and included Coinbase Ventures, Haun Ventures, Jump Crypto, L1D, Collab+Currency, Electric Capital, Placeholder, and Robot Ventures. This latest round brings the total capital raised by the company to $42.9 million. Squads builds financial tools on the Solana blockchain. Its first product, Squads Multisig, secures more than $10 billion in assets across the Solana ecosystem by requiring multiple approvals before funds can move. Altitude, its second product, is a full financial operating system — multi-currency accounts, corporate cards, global payments, and yield on balances — all running on stablecoin rails instead of banks. Related: Solana prepares for quantum t Show less Read more
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