Turtle, an on-chain liquidity distribution protocol, has secured $5.5 million in new funding, with participation from GSR and others.

On-chain liquidity distribution protocol Turtle announced an additional $5.5 million in financing, bringing its total financing to $11.7 million. The latest round of financing received additional investment from Bitscale VC, Theia, and Trident Digital. Institutional investors include 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 received participation from Polygon, 1inch, Gnosis, and Altlayer.