On-chain liquidity distribution protocol Turtle completes $5.5 million financing, with participation from GSR, FalconX, and others

ChainCatcher reported that the on-chain liquidity distribution protocol Turtle has completed a new funding round of $5.5 million, bringing its total funding to $11.7 million. This round received support from several institutions, including follow-on investors such as Bitscale VC, Theia, and Trident Digital, as well as new investors such as 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."