The on-chain liquidity distribution protocol Turtle has completed a $5.5 million financing round, with participation from GSR and others

ChainCatcher news, according to GlobeNewswire, the on-chain liquidity distribution protocol Turtle has completed a new round of financing of $5.5 million, bringing its total funding to $11.7 million.

This round of financing was supported by multiple institutions, including follow-on investors such as Bitscale VC, Theia, and Trident Digital, as well as new investors like SNZ HOLDING, GSR, FalconX, and Anchorage VC.

Turtle CEO Essi Lagevardi stated, "Liquidity is the infrastructure on which everything operates. We are making liquidity programmable—transparent, efficient, and coordinated."