Crypto custody infrastructure provider Bastion completes $25 million in seed round financing, led by a16z crypto

Odaily Planet Daily News Encryption startup Bastion has completed a US$25 million seed round of financing, led by a16z crypto. Participating investors include Nomura Group’s Laser Digital Ventures, Robot Ventures, Not Boring Capital, etc. It is reported that Bastion was co-founded by a16z crypto’s former chief technology officer Riyaz Faizullabhoy and chief security officer Nassim Eddequiouaq, and its first employees also include regulatory and compliance executives from cryptocurrency exchanges such as Kraken. Arianna Simpson, general partner at a16z crypto, said in a statement: “We have always believed that in order for Web3 to reach its full potential, the space needs a compliant, secure custodial wallet infrastructure for NFTs and tokens. Bastion is building Such infrastructure." (Bloomberg)