Crypto Startup Bastion Raises $25 Million in Funding Round Led by a16z Crypto
Crypto startup Bastion has successfully raised $25 million in a funding round, with participation from prominent venture capital firms such as Nomura’s Laser Digital, Alchemy, Robot Ventures, and Not Boring Capital. The funding round was led by a16z crypto, the crypto arm of venture giant Andreessen Horowitz. Additionally, Bastion has secured the expertise of Stanford professor Dan Boneh and former head of Facebook’s Libra stablecoin project, David Marcus, as advisors.
A ‘Holistic’ Crypto Platform
Bastion aims to create a comprehensive crypto platform that goes beyond being just a wallet. According to co-founder Riyaz Faizullabhoy, Bastion is a web3 orchestrator that allows organizations to offer both on-chain and off-chain products. It will provide a custodial wallet API solution, smart transaction routing, and user analytics and insights dashboard.
Making Web3 Safe and Accessible for All Industries
Bastion’s vision of integrating web3 infrastructure into enterprise technologies through a compliant, white-label platform aligns with Andreessen Horowitz’s investment strategy. General partner Arianna Simpson believes in the founders’ mission of making web3 safe and accessible for companies in every industry. With this investment, Bastion can work towards turning their vision into reality.
Hot Take: Bastion Revolutionizes the Crypto Industry with its Holistic Platform
Bastion’s successful funding round led by a16z crypto signifies the growing interest in creating comprehensive solutions within the crypto industry. By building a holistic platform that offers various functionalities beyond just a wallet, Bastion aims to make web3 more accessible and secure for organizations across all industries. With support from prominent venture capital firms and the expertise of industry heavyweights as advisors, Bastion is well-positioned to revolutionize the way companies integrate web3 infrastructure. This investment is a testament to the potential and value of Bastion’s vision, and it will be exciting to see how they shape the future of the crypto landscape.
By
By
By
By
By