Bastion, a startup co-founded by former a16z Crypto executives, has raised $25 million in a seed round led by a16z Crypto. The firm aims to simplify the process for companies to adopt blockchain-based technology and onboard Web3 users. Bastion plans to use the funding to hire regulatory and compliance executives. The co-founders, Nassim Eddequiouaq and Riyaz Faizullabhoy, previously worked in Meta’s security infrastructure for the blockchain sector for two years. Other investors in the round included Laser Digital Ventures, Robot Ventures, Packy McCormick, and Not Boring Capital.
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