Squads Labs

Squads Labs

Solana-based multisig wallet infrastructure

Overview

Squads Labs builds crypto operations infrastructure on the Solana blockchain, providing smart account and multisignature wallet technology that lets organizations securely manage on-chain assets with multiple approvals. Its Squads Protocol is an open-source, formally verified, and immutable smart contract wallet standard for Solana that enables secure, multi-party control of assets across wallets. The core product Squads Multisig supports treasury management, program upgrades, and complex on-chain operations, with features like role-based access, spending limits, sub-accounts, and in-app swaps, plus SquadsX, a browser extension that lets multisig accounts connect to any dApp. The goal is to make on-chain asset management safer, scalable, and programmable for individuals, DAOs, and Solana projects, while offering a Smart Account Program and API for developers and expanding into products like Altitude, Fuse, and Grid.

About Squads Labs

Simplify's Rating
Why Squads Labs is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Enterprise Software

Cybersecurity

Crypto & Web3

Financial Services

Company Size

N/A

Company Stage

N/A

Total Funding

N/A

Headquarters

New York

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • Altitude processed $200M in payments since December 2025 launch enabling multi-currency settlement without banking friction
  • $18M strategic round led by Solana Ventures accelerates Altitude growth and expands licensed PSP network globally
  • Squads Pro subscription unlocks priority support and unlimited features for power users managing complex treasury operations

What critics are saying

  • GitHub trojans mimic Squads Protocol v4 creating supply chain exploitation risk with 30-50% probability in 6-12 months
  • Audit firms missed fund-stealing vulnerabilities in v4 exposing $10B+ assets to rational exploiters with 20-40% probability
  • Stripe and Mastercard acquisitions of PSPs block Altitude adoption with 40-60% probability in 12-18 months eliminating revenue stream

What makes Squads Labs unique

  • Squads Protocol secures over $10B across 250+ Solana teams using formally verified multisig smart accounts
  • Altitude replaces legacy banking with stablecoin-native operating system offering instant settlement and global access
  • SquadsX enables multisig accounts to connect to any dApp with regular wallet user experience

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Benefits

Unlimited Paid Time Off

Flexible Work Hours

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