Fuse Wallet
Summary
Fuse Wallet is a Solana-based smart wallet developed by Squads Labs, the team behind Squads Protocol, Solana's leading multisig and smart account infrastructure. Launched in public TestFlight in June 2024 and on the Apple App Store in December 2025, Fuse replaces traditional seed phrases with a multi-factor authentication model built on Squads Protocol's audited smart account standard. Squads Labs has raised approximately $40.9 million across multiple funding rounds from institutional investors including Electric Capital, Coinbase Ventures, and Multicoin Capital, and no known regulatory actions, hacks, or fraud allegations have been identified against the product.
Connected Entities
1 entities · 10 linked investigationsTimeline(9 events)
2021-01-01
Squads Labs founded by Stepan Simkin, Deni Ershtukaev, and Sean Ganser, initially focused on DAO multisig tooling on Solana.
Crunchbase / Squads Labs profile2022-01-01
Squads Labs raises approximately $5 million in seed funding from Solana Ventures and others.
Decrypt — Squads Raises $5 Million2023-07-01
Squads Labs closes $5.7 million strategic round led by Placeholder VC with participation from Multicoin Capital, Solana Ventures, Jump Crypto, and others; total funding reaches $12.5 million.
The Block — Squads raises $5.7 million2023-10-01
Squads Protocol v4 undergoes multiple security audits by OtterSec, Neodyme, Trail of Bits, and Certora, with formal verification completed.
Squads v4 Security Measures — Official Blog2024-06-10
Squads Labs announces $10 million Series A led by Electric Capital; launches Fuse Wallet on public TestFlight for iOS.
CoinDesk — Squads Labs Raises $10M Series A2025-03-19
Fuse Wallet becomes available on the Apple App Store.
Fuse Blog — Fuse Now Available On Apple App Store2025-12-23
Fuse Wallet publicly launches on Apple App Store for general download (invite codes required for initial onboarding).
Fuse Blog — App Store launch announcement2025-12-01
Squads launches Altitude stablecoin treasury platform for businesses; Altitude processes over $200 million in payments within months.
PR Newswire — Squads Raises $18M2026-04-29
Squads raises $18 million led by Solana Ventures to expand Altitude; total disclosed funding reaches approximately $40.9 million.
The Block — Solana Ventures leads $18 million roundDecision Log
- hash: 9XjKU7sgxzyeqiJSYcwDKdGa6SeGNHzbAMdENLzFpFQU
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/1/2026, 4:17:43 AM
last updated: 6/1/2026, 4:17:47 AM
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