Bastion Raises $25 Million in Seed Funding Led by a16z Crypto!

Writer: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

Sep 18, 2023 20:28

Bastion, a startup co-founded by former a16z Crypto executives, has raised $25 million in a seed spherical led by a16z Crypto. The agency goals to simplify the method for firms to undertake blockchain-based know-how and onboard Web3 customers. Bastion plans to make use of the funding to rent regulatory and compliance executives. The co-founders, Nassim Eddequiouaq and Riyaz Faizullabhoy, beforehand labored in Meta’s safety infrastructure for the blockchain sector for 2 years. Different buyers within the spherical included Laser Digital Ventures, Robotic Ventures, Packy McCormick, and Not Boring Capital.