Squads

Squads (Squads Labs) is a financial technology company building financial products and APIs on Solana and stablecoin infrastructure. It describes itself as building on open infrastructure, global money and internet capital markets to deliver financial services to businesses, individuals and developers, and states it is not a bank or a digital asset custodian [0]. Its product line comprises Altitude, a global business account and financial operating system for saving, earning and moving money; Fuse, a personal finance app for stablecoins and tokenized assets; Grid, a stablecoin API for accounts, payments, cards and yield; and Squads Multisig, a platform to secure and manage Solana assets [0][6].

Squads Multisig lets teams deploy a multisig in a few clicks and configure it to manage treasuries, program upgrade authorities, admin keys, tokens and validators, with the stated goal of bringing a SaaS-like product experience to onchain asset management. It emphasizes user experience (replacing CLI workflows with interface flows), security enforced by Squads Protocol and Solana validators rather than a centralized third party, and transparency through multisig approvals and human-readable data [1]. Squads Protocol, described as an autonomous finance layer on Solana, provides programmable payments, 24/7 USD liquidity, yields and code-enforced security [1].

Altitude, publicly launched in December 2025, is positioned as a financial operating system built on stablecoin infrastructure: it does not hold customer funds, keeps treasury in stablecoins, settles on stablecoin rails, and reaches traditional banking rails through licensed stablecoin payment service providers including Bridge, MoonPay, Infinite and Due. It provides multi-currency accounts, corporate cards, global payments, APY on balances and a CFO tool set, plus a proprietary compliance engine performing sanctions screening, AML checks, transaction monitoring and KYB verification [5][6].

Business model

Squads operates a mix of protocol-based infrastructure and commercial software products. Squads Multisig's core wallet and base-level platform features are free for Solana developers, with paid tiers: a Squads Business Plan at $49 per month and, at the time of the v4 launch, Squads Pro at $399 per Squad per month for advanced teams; the platform also charges a 0.1 SOL deployment fee and 0.25% on limit orders, while other transaction costs are Solana network fees [2][4]. Altitude and Grid extend the company into business accounts, payments, cards and stablecoin APIs [0][6].

Disclosed monetization includes subscription plans (Squads Business Plan at $49/month; Squads Pro at $399 per Squad per month announced with v4), a 0.1 SOL Squads deployment fee and a 0.25% fee on limit orders; the company states it does not charge fees on other transactions beyond Solana network fees [2][4].