What is Squads Protocol?

Squads Protocol is a foundational fintech infrastructure built on Solana. It is designed to power multiple onchain financial use cases. At its core, Squads provides a secure, programmable smart account system with a growing suite of products and APIs that help businesses, developers, and individuals create and manage stablecoin-dependent financial applications and services.

Whether it's managing treasuries, setting up multisig wallets, or unifying payment rails through stablecoins, and easy integration of self-custodial stablecoin accounts for apps, Squads gives users and developers the building blocks to operate confidently within the Solana ecosystem.

This article takes a look at the full product stack Squads offers, and how it empowers the broader Solana ecosystem.

How Squads Protocol Works

Squads Protocol is built around modular components that make it easy to launch and manage secure financial applications on Solana. The following is a breakdown of the core products that make up the Squads stack:

Squads Multisig

At the heart of Squads is its Multisig smart account system. Squads Multisig is a coordination tool for managing onchain assets with shared ownership and permissions. It allows DAOs, teams, and businesses to securely manage treasuries, authorize transactions, and configure custom access controls without compromising on decentralization. The Squads Multisig is also useful for individuals who want to secure their assets by making external crypto transfers only possible if the number of wallets required as a threshold is reached. The Squads multisig is trusted across the Solana ecosystem, serving as the backbone for projects that require robust treasury infrastructure.

To get started with the Squads Multisig dapp, connect your wallet to https://app.squads.so/. Create a Squad by clicking the top panel on the left side of the homepage, or click “Add Member” to append the list of the wallets that are members of the squad to be created. 

The next prompt requires that the Squad to be created be assigned a name (just as Agent 47 or Ghost Protocol). Customizable Squad names make multiple Squads owned by a wallet easily recognizable.

The main address used to connect with the Squads protocol is automatically registered as the primary address in the multisig account. You can add more wallet addresses, except wallets generated by centralized exchanges. The included wallets must be non-custodial and accessible by their owner through their private keys or seed phrases.

The Squads Multisig tool also has some additional applications in-built to make it easier for users to perform regular tasks such as payment streams, trading and swapping of tokens that are stored and secured in the multisig account. Tokens like SOL can also be staked directly from Squads. 

Altitude: Modern Treasury for Teams and Businesses

Altitude is Squads’ operational dashboard for managing global money flows with stablecoins. It’s built for companies, DAOs, and startups that need an efficient way to move funds, pay contributors, and handle treasury operations without the delays and high fees of traditional finance.

With Altitude, you can use stablecoins for fast, low-cost global transfers that settle in seconds. It supports third-party payouts that make it easy to pay employees, vendors, and contractors worldwide. With Altitude, funds land directly in bank accounts.

Altitude comes with tools for generating recurring invoices, syncing with other accounting tools, scheduling payments, and tracking expenses in real time. 

Altitude brings the speed of crypto and combines it with the structure and clarity needed for real-world finance. Save, earn and move money about in a better way with Altitude. 

Sign up here to join the Altitude waitlist. 

Fuse Wallet

Fuse Wallet is a mobile app built on top of Squads' infrastructure. It is designed to make onchain finance great to use for the regular crypto consumer. It is a multisig wallet for personal assets with many features discussed in depth in the article here. 

Fuse wraps Squads' smart account logic in a mobile-first UX that includes 2FA security, social recovery, fee-less swaps, staking, and a USDC debit card for U.S. users. It's a live example of how Squads can power secure, flexible, and consumer-friendly crypto apps.

Fuse is only available on the iPhone App Store for now. Download it here.

Grid

Grid is Squads’ programmable payment layer, built to help businesses instantly deploy and manage stablecoin-based financial accounts that work globally. With Grid, users can send and receive payments not only in stablecoins but also via traditional rails like ACH, SEPA, wire, and SWIFT, reaching over 100 countries.

With Grid, you can define exactly how money moves through direct debits, set spending controls, assign admin roles, enforce approval rules, and automate payment flows. Whether you're handling payroll, contributor rewards, vendor payments, or structured disbursements, Grid gives you full control over the logic and flow of your funds.

Grid is ideal for teams building modern financial tools that need a compliance-friendly payment infrastructure without sacrificing the composability of Web3.

Contact the Squad sales team here to get started with Grid. 

All the products above sit on top of Squads Protocol, the foundational smart account infrastructure. It's the base layer that ties everything together from multisig security, programmable permissions, and a unified framework for developers to build custom financial logic on Solana.

Use Cases for Squads Protocol

Squads Protocol can be used for many real-world applications for individuals, teams, and institutions operating on Solana. Some key use cases include:

DAO Treasury Management

DAOs and onchain collectives use Squads Multisig to manage governance-controlled treasuries with programmable access controls and transaction approvals. E.g., Futarchy uses Squads in its DAO management.

Crypto Startups & Dev Teams

Builders can use Altitude to embed self-custodial smart accounts into their dApps or wallets for easier user onboarding without sacrificing security.

Payment Automation

Teams can leverage Grid to schedule contributor payments, automate grants, or manage recurring payouts in stablecoins.

Consumer Facing Finance Apps

Products like Fuse show how Squads can be used to create next-gen mobile wallets that offer yield, swaps, and spend features without needing users to understand private keys or seed phrases.

Conclusion

Squads Protocol is one of the cornerstones of the Solana ecosystem. It offers a secure and composable infrastructure for modern onchain finance. Squad’s modular architecture (Multisig, Altitude, Grid, and integrations like Fuse) makes it easy for developers to ship scalable, stablecoin-powered products without reinventing core infrastructure. Whether you’re a DAO, a wallet builder, or a startup exploring self-custody and programmable finance, Squads gives you the tools to build confidently and securely on Solana.

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