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

PANews, October 20th news, according to Globenewswire, the on-chain liquidity allocation protocol Turtle announced additional financing of $5.5 million, bringing its total financing amount to $11.7 million. The latest round of financing received follow-up investments from Bitscale VC, Theia, and Trident Digital, with institutional investors including SNZ HOLDING, GSR, FalconX, Anchorage VC, Fasanara Capital, NRD, Tower 18 Capital, Varys Capital, Relayer, Coinix, Flowdesk, Wise3, JPEG, Reflexive, Amber, Gami Capital, Wise3 Ventures, etc., and support from the founders of Polygon, 1inch, Gnosis, and Altlayer projects. According to the introduction, the liquidity allocation protocol Turtle connects funds with the protocol through a transparent, data-driven coordination layer. This coordination layer is capable of selecting investment opportunities, integrating liquidity, and distributing it to an expanding network of partners.