Bastion Launches, Announces $25M Raise

Bastion Launches, Announces $25M Raise

Bastion launched its enterprise-focused web3 product suite, designed to streamline the integration of web3 into mainstream business technologies. The company also announced a funding raise of $25 million. 

The Deets

  • White-label Platform: Bastion's suite offers a compliant, white-label platform for easy enterprise adaptation.
  • One-Stop Solution: The platform eliminates the need for sourcing custody, wallet management, and user onboarding individually.
  • Smart Routing: The proprietary system only leverages blockchain when required, optimizing transaction efficiency.
  • $25M Seed Funding: Led by a16z crypto, the seed funding aims to scale operations and diversify product offerings.

The Bulk

Founded by the former CTO and CSO of a16z crypto, Bastion aims to be the ultimate web3 orchestrator for enterprises. The company offers a comprehensive, compliant, white-label platform to aid businesses in implementing web3 infrastructure without hassle. This is a one-stop solution that eliminates the tedious process of sourcing services like custody, wallet management, and user onboarding separately.

Bastion’s innovative smart routing system stands out as a pragmatic approach to web3 implementation. This system decides when the blockchain utility is actually needed for a transaction, enabling rapid and economical interactions while boosting the customer experience.

The company recently secured $25M in seed funding to ramp up its operations. The round was led by a16z crypto and included several other venture capitals. This financial backing is targeted to help Bastion scale up its team, acquire more licensing, and further diversify its services.

🎤 Founder Feedback

We founded Bastion to enable businesses to onboard their products and end-users into a web3 environment without the complicated, overwhelming experience we know today. Web3 technologies have tremendous promise, but until now have lacked the enterprise-level infrastructure necessary to support tangible web3 use cases.Nassim Eddequiouaq, Co-founder of Bastion

🎬 Take Action

Interested in integrating web3 into your enterprise solutions? Visit Bastion’s official website to learn more about its services.

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