Squads provides a blockchain-native finance layer on Solana that replaces legacy banking infrastructure with on‑chain, formally‑verified smart accounts. Through its product suite—Altitude for global business stablecoin accounts, Fuse for personal stablecoin wallets, and Grid for API‑driven accounts, payments, cards, and yield—developers, businesses, and individuals can access 24/7 USD liquidity, programmable payments, and high‑throughput settlement without custodial or vendor lock‑in.
Funding
Funding not disclosed
Founders
Product
Problem
Legacy banking systems rely on private ledgers and centralized servers, creating fragmented, permissioned, and slow financial services that limit access to real-time USD liquidity and programmable payments.
Solution
Squads Protocol delivers an autonomous finance layer built on the Solana blockchain that replaces traditional infrastructure with a blockchain-native operating system. By using formally‑verified smart accounts that exist entirely on‑chain, the platform provides deterministic security, 24/7 stablecoin liquidity, and programmable payment flows without relying on corporate promises or third‑party custodians. The protocol powers a suite of products—Altitude for global business accounts, Fuse for personal stablecoin wallets, and Grid for API‑driven accounts, payments, cards, and yield—enabling developers, businesses, and individuals to build and use financial services directly on open, high‑performance infrastructure.
Target Audience
Primary customers are fintech businesses, crypto developers, and enterprises seeking stablecoin‑based banking, as well as individual users who want secure, programmable access to USD‑denominated digital assets.
Features
- Formally‑verified on‑chain smart accounts governed by deterministic code on Solana’s network of 1,000+ validators
- Programmable payments and account management via the Grid stablecoin API, supporting accounts, transfers, card issuance, and yield generation
- Global business account (Altitude) that allows firms to save, earn, and move money in stablecoins with instant settlement
- Personal finance app (Fuse) for managing stablecoins and tokenized assets with a user‑friendly interface
- Open, permissionless architecture that eliminates vendor lock‑in and single points of failure
- High‑throughput, low‑latency transaction processing native to Solana, enabling 24/7 USD liquidity