Squads Labs, the leading developer of the Solana-based multisig protocol, secured $10 million in Series A funding, led by Electric Capital with participation from Coinbase Ventures and Placeholder VC. The funds will help expand the on-chain economy through smart account technology and user-friendly products.

Squads Labs also launched Fuse, the first smart wallet app for Solana, available on TestFlight for iOS. Fuse simplifies traditional wallet complexities with features like:
•2FA
•wallet recovery
• progressive security
•time lock functionalities
•customizable spending limits.