Odaily News Squads Labs, the main developer of Solana ecological multi-signature management tool Squads, completed a strategic financing of US$5.7 million, led by Placeholder VC, Multicoin Capital, Solana Ventures, Jump Crypto, Solana Labs co-founder Anatoly Yakovenko, Jito Labs CEO Lucas Bruder, Helius Labs CEO Mert Mumtaz and others participated in the investment. Squads Labs co-founder Stepan Simkin revealed that this was a financing round with token warrants, but declined to comment on the valuation. So far, Squads Labs’ total financing has reached US$12.5 million. (The Block)